Savings is as crucial as ever while we deal with life changes and our needs for the future. Here are some essential steps to get started now.  ( 23 min )

Industry experts weigh in on which designations offer the most opportunities for financial professionals.  ( 20 min )

Coming up this week: the PCE inflation index, more tech and retail earnings, and consumer confidence  ( 22 min )

The latest reading of the Fed's preferred inflation measure will serve as the main highlight for investors in the week ahead.  ( 37 min )

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(Bloomberg) -- HTX, the crypto exchange linked to digital-asset entrepreneur Justin Sun, has fully reinstated Bitcoin deposits and withdrawals after suffering a hacking attack, Sun said.Most Read from BloombergRussia Suffers Heavy Drone Attack Including Strikes on MoscowMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesHamas Releases Second Group of Hos  ( 33 min )

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Citizens Financial is scooping up bankers from First Republic. Executives say they will copy only the good parts of the failed bank.  ( 28 min )

The litigation that could end up changing how millions of Americans buy and sell homes was hiding in plain sight for three decades.  ( 28 min )

Consumers are shifting away from store-branded credit cards, which have been lucrative for retailers.  ( 30 min )

Some analysts see the investor balances in money-market funds as a bullish sign for stocks and bonds.  ( 26 min )

(Bloomberg) -- ESG fund managers who turned to big tech as a low-carbon, high-return bet are growing increasingly anxious over the sector’s experimentation with artificial intelligence.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Releases Second Group of Hostages Following DelaysHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From Gaza as Israel Tru  ( 37 min )

Huawei has joined with Chinese carmaker Chongqing Changan Automobile to set up a company engaged in the research and development, design, and sales of intelligent automotive systems and component solutions, according to a Sunday filing on the Shenzhen Stock Exchange. "The two parties will jointly support the target company to become an industry leader in automotive intelligent systems and component solutions based in China," the filing from Changan Auto said.  ( 33 min )

The rise of generative artificial intelligence heralds a new stage of the Industrial Revolution. This phase will be just as disruptive---and transformative---as the previous ones.  ( 30 min )

Investing.com -- With investors on tenterhooks over when global interest rates might start to fall, upcoming inflation data this week will be in focus. OPEC+ meets to discuss oil output cuts and data from China will give fresh insights on the economic outlook for the world’s number-two economy. Here’s what you need to know to start your week.  ( 36 min )

The China megabank bought its U.S. broker-dealer 13 years ago for practically nothing. It got more than it bargained for.  ( 30 min )

Salzgitter CEO says steel and chemicals producers must commit to country, despite high energy costs  ( 4 min )

US exchange lists new options tracking gold, oil and Treasury ETFs  ( 6 min )

There is growing concern that remote workers are offering their services elsewhere  ( 4 min )

Industry experts weigh in on which designations offer the most opportunities for financial professionals.  ( 20 min )

(Bloomberg) -- Emerging-market stocks and currencies are heading for their best month since January, but there are major pitfalls ahead that could derail the rally. Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Releases Second Group of Hostages Following DelaysHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From Gaza as Israel Truce HoldsThe headwind  ( 36 min )

Schiphol heeft Pieter van Oord zondag benoemd tot topman. Hij is de opvolger van Ruud Sondag, die sinds november vorig jaar interim-CEO was.  ( 4 min )

Het is nauwelijks meer te doen om AI-foto's van echt te onderscheiden. Mensen bestempelen gegenereerde nepgezichten inmiddels vaker als echt dan daadwerkelijk menselijke foto's. Deze ontwikkeling levert problemen op: binnenkort kun je je ogen niet meer geloven.  ( 11 min )

Het is nauwelijks meer te doen om AI-foto's van echt te onderscheiden. Mensen bestempelen gegenereerde nepgezichten inmiddels vaker als echt dan daadwerkelijk menselijke foto's. Deze ontwikkeling levert problemen op: binnenkort kun je je ogen niet meer geloven.  ( 11 min )

Woordvoerder Andy Stone van Facebook-moederbedrijf Meta wordt gezocht door de Russische autoriteiten. Waar de in Washington woonachtige Stone van wordt verdacht, is niet duidelijk.  ( 8 min )

De politie in China doet onderzoek naar Zhongzhi, een grote vermogensbeheerder die afgelopen week al waarschuwde voor grote financiële problemen. Het bedrijf, dat opereert als een zogenoemde schaduwbank, zei toen dat ze zo'n 60 miljard euro aan betalingsachterstanden hebben.  ( 8 min )

Tientallen Amerikaanse staten beschuldigen socialemediabedrijf Meta van het illegaal verzamelen van persoonlijke data van kinderen jonger dan 13 op Instagram.  ( 9 min )

Scheepsbouwer Damen Shipyards heeft een opdracht gekregen van de Portugese marine voor het ontwerp, de bouw en uitrusting van een multifunctioneel schip. Het is het eerste schip ter wereld dat oceaanonderzoek combineert met de inzet van drones, maakte het in Gorinchem gevestigde concern bekend.  ( 8 min )

Door Europese renteverhogingen wordt geld lenen steeds duurder. Ook in 2024 gaan rentes weer omhoog. Daarom is het extra goed om op te letten als je even rood staat of een lening afsluit om een grote aankoop te betalen.  ( 11 min )

A large swath of China's US-bond holdings is not accounted for in official Treasury data, Brad Setser wrote for the Council on Foreign Relations.  ( 34 min )

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(Bloomberg) -- Inflation gauges in the US and euro zone are set to show the smallest annual increases since early or mid-2021, reinforcing sentiment that interest rates won’t be raised again.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Releases Second Group of Hostages Following DelaysHamas Frees 24 Hostages From Gaza as Isra  ( 37 min )

Employers must make contributions to a SEP IRA by the tax-filing deadline for the year in which they are made.  ( 23 min )

Retailers are hoping promotions lure in cautious customers this holiday season.  ( 36 min )

(Bloomberg) -- Chinese authorities said they recently opened criminal investigations into the money management business of Zhongzhi Enterprise Group Co., days after the embattled shadow banking giant revealed a shortfall of $36.4 billion in its balance sheet.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From  ( 35 min )

When I retired in September 2022, my 401(k) was invested aggressively (90/10 split between stocks to bonds) and lost approximately 30%. I left the 401(k) invested in mutual funds in hopes it would gain back some of the losses. A year later it has gained back approximately 20%. I'm not required to take RMDs for […] The post Ask an Advisor: I’m 5 Years Away From RMDs But Recently Lost 30% of My 401(k). Should I Stay Aggressive to Regain My Losses or Rebalance? appeared first on SmartReads by Smart  ( 36 min )

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I’m 77 years old and I requested my 401(k) fund administrator to prepare my RMD. I was told I do not have to withdraw my money if I am still employed. Please confirm if this in fact an IRS rule or that of the fund management company? -Bea That is correct, Bea. If you are […] The post Ask an Advisor: I’m 77 and Still Working. Is it True That I Don’t Have to Take RMDs? appeared first on SmartReads by SmartAsset.  ( 34 min )

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People who are highly optimistic, forward-looking with high financial literacy, and focus more on rewards than risks tend to have higher retirement savings than those on the opposite end of the spectrum.  ( 37 min )

When it comes to saving for retirement, 401(k) plans are a popular choice for many American workplaces. Contributing to a 401(k) not only helps you save for retirement but offers the added bonus of reducing your adjusted gross income and lowering your tax liability for the year. A financial advisor can help you determine how […] The post Do 401(k) Contributions Reduce Your AGI? appeared first on SmartReads by SmartAsset.  ( 35 min )

A one-participant 401(k) or solo 401(k) is an attractive retirement savings option for self-employed workers or business owners. While they’re similar to the standard 401(k) plans often offered at larger workplaces, one-participant 401(k)s allow solo business owners to exceed the contribution limits that other plans are subject to. Consider speaking with a financial advisor if […] The post Contribution Limits for a One-Participant 401(k) appeared first on SmartReads by SmartAsset.  ( 35 min )

Roth IRAs offer a tax-advantaged way to save for retirement, and they’re a popular choice among investors. However, understanding how Roth IRA contributions are taxed is crucial for making informed financial decisions. Let’s break down the marginal tax rate, compare Roth IRAs to traditional IRAs, delve into the taxation of Roth IRA contributions and examine […] The post How Roth IRA Contributions Are Taxed appeared first on SmartReads by SmartAsset.  ( 36 min )

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When it comes to retirement, understanding the potential cost of living is important for effective financial planning. Without a clear idea of these costs, you can run the risk of outliving your savings or compromising your lifestyle. Here’s what you need to know to calculate your retirement cost of living. A financial advisor can help […] The post How to Calculate Your Retirement Cost of Living appeared first on SmartReads by SmartAsset.  ( 37 min )

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Some Democratic states and cities want to ban gas stoves and other appliances, but utilities say they need to invest in their aging gas infrastructure.  ( 29 min )

Homebuyers have been suffering the slings and arrows of outrageous fortune of late.  ( 35 min )

The classic 60-40 portfolio was never meant to be the end-all, be-all portfolio—it’s just “a good starting place," according to Vanguard's Todd Schlanger.  ( 37 min )

Credit-card utilization and delinquency rates are on the rise.  ( 28 min )

(Bloomberg) -- A recession in the euro area is looking increasingly likely as the economic downturn persists in the final quarter of the year, private-sector activity surveys showed.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From Gaza as Israel Truce HoldsModi’s Nation-Building Push Sparks $125 Billion Ral  ( 35 min )

On a weekday afternoon at Red Rock Coffee, the cafe known for spotting venture capitalists in Silicon Valley, one is likely to overhear a few conversations in Mandarin. Since China reopened its border this spring after three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking to the Bay Area. USD-denominated funds in China have long been drawing inspiration from Silicon Valley startups, using them as benchmarks for investment targets back home.  ( 38 min )

Negative news and a share-price slump have reignited calls for the German crop-and-pharmaceutical group to spin off businesses.  ( 29 min )

More than 100 brands have pulled their ads from X, according to The New York Times.  ( 34 min )

Tesla and Bitcoin-related stocks are powering up a meme-themed ETF. Why AMC and Gamestop aren't helping.  ( 27 min )

DigitalOcean (NYSE:DOCN), a leading American cloud provider helping start-ups and small and medium-sized businesses (SMBs) scale cloud-stored data, is capitalizing on the AI revolution in cloud computing. DOCN is a growth-focused opportunity that is still trading below its Q2 peak while making waves in the increasingly demanding AI and machine learning (ML) arenas. Strategic initiatives, impressive earnings, and an imminent leadership change present a bullish growth opportunity I wouldn’t want t  ( 35 min )

The collapse of Southland Royalty, a private equity-backed oil-and-gas explorer that owned fields in Wyoming’s Green River basin and New Mexico’s San Juan Basin, in early 2020, was unremarkable in many ways.  ( 40 min )

Insiders and investors say the bank’s board, headed by Urs Rohner, was ultimately responsible for its fate.  ( 28 min )

The consensus forecast is a mild US recession with bonds becoming more attractive  ( 4 min )

If you’re married filing separately, living together or apart affects whether (or how much) you can put in an IRA and what the deductible is.  ( 28 min )

Semiconductor and infrastructure software company Broadcom’s (NASDAQ:AVGO) stock skyrocketed 79% YTD on the back of the AI wave. Investor sentiment remains buoyant, fueled by the long-term potential AI offers chip stocks. While chip demand for personal computing and smartphones has been lukewarm this year, most analysts believe Q4 will be favorable. Broadcom’s strategic investments and commitment to AI make me bullish on AVGO’s stock. Outstanding Growth Trajectory Broadcom has emerged as a key p  ( 36 min )

Trans Mountain said it booked a net loss in the third quarter because of a goodwill impairment charge.  ( 28 min )

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Brennan and Erin Schlagbaum, who paid off more than $300,000 of debt and hit a seven-figure net worth, share the three index funds they invest in.  ( 36 min )

The housing sales slowdown will last awhile, as no one is selling their home unless they absolutely have to, according to Redfin's CEO.  ( 34 min )

Independent broker-dealers are a great choice for experienced, self-starter planners who have established practices.  ( 19 min )

U.S. citizens and resident aliens with foreign income can claim the foreign tax credit to offset income taxes paid abroad and limit double taxation.  ( 27 min )

A full-time student is a legal tax status important for determining exemptions. Learn how your status as a full-time student impacts college financial aid.  ( 27 min )

Employers must make contributions to a SEP IRA by the tax-filing deadline for the year in which they are made.  ( 23 min )

Business expenses are costs incurred in the ordinary course of business. Business expenses are tax-deductible and are always netted against business income.  ( 24 min )

Earned income includes wages, salaries, bonuses, commissions, tips, and net earnings from self-employment. On your taxes, it is treated differently than unearned income.  ( 28 min )

Billionaire rapper and entrepreneur Jay-Z sat down with CBS Mornings' co-host, Gayle King, in a rare interview that aired on CBS last week. He has a net worth of $2.5 billion as of November 2023 and has amassed his wealth over the years through music and a series of successful investments.  ( 22 min )

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how to fill out the form.  ( 29 min )

For 2023 taxes filed in 2024, the Child Tax Credit is $2,000 for children under age 17. Up to $1,600 of that amount is refundable. Learn what it means for your taxes.  ( 28 min )

The Additional Child Tax Credit is the refundable part of the Child Tax Credit. The refundable credit was revamped under the Tax Cuts and Jobs Act.  ( 28 min )

Read about the causes of currency devaluation and how to differentiate between relative and absolute currency devaluation.  ( 24 min )

A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it.  ( 33 min )

Donating to charity is a great way to show your giving spirit and save money on your taxes at the same time.  ( 26 min )

If you’re married filing separately, living together or apart affects whether (or how much) you can put in an IRA and what the deductible is.  ( 28 min )

The Canada Revenue Agency (CRA) or Agence du Revenu du Canada is the federal department that collects taxes and administers the tax laws of Canada.  ( 26 min )

A withholding is the portion of an employee's wages that is sent directly to government tax authorities as payment of estimated taxes.  ( 25 min )

Scheepsbouwer Damen Shipyards heeft een opdracht gekregen van de Portugese marine voor het ontwerp, de bouw en uitrusting van een multifunctioneel schip. Het is het eerste schip ter wereld dat oceaanonderzoek combineert met de inzet van drones, maakte het in Gorinchem gevestigde concern bekend.  ( 8 min )

Vijf dagen lang was Sam Altman geen directeur van OpenAI. En toen was hij het weer wel. Een week geleden vond de grootste techsoap van dit jaar plaats. Nog steeds is niet helemaal duidelijk wat er nou precies is gebeurd.  ( 11 min )

Het aantal burgers uit de Europese Unie dat door het Verenigd Koninkrijk wordt geweigerd is vervijfvoudigd sinds de Brexit, blijkt uit cijfers van het Britse ministerie van Binnenlandse Zaken.  ( 10 min )

Black Friday heeft miljoenen transacties opgeleverd: winkels en online shops verkochten dit jaar meer dan ooit. Volgens betaalplatform iDEAL is een recordaantal van 7,1 miljoen betalingen verricht.  ( 8 min )

Black Friday heeft miljoenen transacties opgeleverd: winkels en online shops verkochten dit jaar meer dan ooit. Volgens betaalplatform iDEAL is een recordaantal van 7,1 miljoen betalingen verricht.  ( 8 min )

Vijf dagen lang was Sam Altman geen directeur van OpenAI. En toen was hij het weer wel. Een week geleden vond de grootste techsoap van dit jaar plaats. Nog steeds is niet helemaal duidelijk wat er nou precies is gebeurd.  ( 11 min )

In de Britse bankensector is een nieuwe ontslaggolf aanstaande. Verschillende media melden dat bij Lloyds Banking 2.500 banen dreigen te verdwijnen, terwijl bij Barclays mogelijk 2.000 banen worden geschrapt.  ( 9 min )

Woningen met een groen energielabel worden steeds gewilder en duurder. Daarom kan het verleidelijk zijn om voor de verkoop nog snel wat isolatie aan te brengen. Maar niet elke investering is het waard.  ( 11 min )

Nieuwe smartphones worden steeds duurder. Ook dalen ze na introductie minder snel in prijs. Vijf jaar geleden was een telefoon drie maanden na introductie al honderden euro's goedkoper. Nu moet je een half jaar wachten op een gunstiger prijskaartje.  ( 11 min )

Shares of Roomba-maker iRobot closed up nearly 40% on Friday following a report that Amazon's acquisition of the company is set to be approved by European regulators.  ( 34 min )

Theme park businesses have been under quite a bit of pressure in recent years. From the pandemic lockdown days to scorching-hot levels of inflation, it’s about time that some of the industry’s major players joined forces to unlock big value and curb costs. For Six Flags (NYSE:SIX) and Cedar Fair (NYSE:FUN), the merger seems to be a match made in heaven that could help the combined entity put up a better fight against rivals. As such, I’m bullish on both stocks ahead of the proposed merger. Undou  ( 36 min )

A majority of OpenAI board members seemed increasingly uneasy about Sam Altman’s plans to build a big business. Investors do not share their qualms.  ( 37 min )

Musk backing an antisemitic post on the platform last week has led several companies including Walt Disney and Warner Bros Discovery to pause their advertisements on the site formerly called Twitter. X has struck back and sued media watchdog group Media Matters, alleging the organization defamed the platform with a report that said ads for major brands including Apple and Oracle had appeared next to posts touting Adolf Hitler and the Nazi party.  ( 33 min )

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Today's best nationwide CD rates include 6.00% from Securityplus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.  ( 21 min )

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The stock market seems to have some real momentum behind it, momentum that could turn a Thanksgiving upturn into a full-blown end-of-year rally.  ( 34 min )

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(Bloomberg) -- Brazil’s state-controlled oil giant Petrobras announced a 31% increase to its five-year investment plan in a major shift away from the cost-control strategy that had prevailed under previous management.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Frees 24 Hostages From Gaza as Israel Truce Holds‘Fear Gauge’ Hits 2020 Low as Stocks Up This Week: Markets WrapXi Tolerance for  ( 35 min )

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JPMorgan Chase & Co. (NYSE:JPM), the world's largest publicly traded bank by market cap, issues market and stock predictions throughout the year. The bank has a cautious outlook on the economy for 2023, as it expects the Federal Reserve to raise the benchmark interest rates again in the near term. While the inflation levels remained flat in October, raising hopes regarding a pause on further rate hikes, JPMorgan CEO Jamie Dimon expects the Fed to resume rate hikes next year. "Personally, I think  ( 36 min )

Several previously beaten-down sectors have been among the rally’s biggest gainers.  ( 30 min )

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KPMG has frozen the salaries for 12,000 workers across the UK as “Big Four” firms continue to grapple with the sharp slowdown in the deals market.  ( 33 min )

The fresh suits come a week after he settled a separate case with a former girlfriend.  ( 27 min )

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(Bloomberg) -- It’s the major casualty of November’s sizzling stock rally: Investor caution.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Frees 24 Hostages From Gaza as Israel Truce Holds‘Fear Gauge’ Hits 2020 Low as Stocks Up This Week: Markets WrapSandy Hook Families Offer Alex Jones Two Ways Out of BankruptcyThanks to what’s shaping up to be one of the biggest market meltups over the la  ( 36 min )

A lawsuit challenging Vanguard's handling of changes to its target-date retirement funds is moving forward. At the end of 2020, Vanguard lowered the minimum investment in the institutional versions of its targe  ( 24 min )

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Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover. The post ‘Dire’ scenario for shipping lines more likely as spot rates fall back appeared first on FreightWaves.  ( 35 min )

Coinbase shares took off along with the price of Bitcoin, and as the exchange benefited from a legal settlement by larger rival Binance.  ( 19 min )

Stocks teetered on both sides of the flat line amid a holiday-shortened session.  ( 35 min )

The US dollar has initially fallen a bit against the Japanese yen during the trading week, testing the ¥147.80 level. At this point, the market has turned around for a massive hammer.  ( 34 min )

As the holiday season begins, people are ramping up their shopping lists ahead of Christmas. With the Federal Reserve holding the benchmark interest rates steady, overall spending levels are expected to remain robust in the upcoming months as people gear up for major sale days such as Black Friday or Boxing Day. The National Retail Federation (NRF) expects total sales in November and December to rise by 3% to 4% year over year, in line with the average holiday spending growth rate of 3.6% betwee  ( 36 min )

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Stocks teetered on both sides of the lat line amid a holiday-shortened session ahead.  ( 35 min )

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I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.  ( 37 min )

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Microsoft Corp. Co-Founder Bill Gates is celebrated for his monumental role in the tech world and is known as one of the planet's wealthiest people. Yet, an intriguing “what-if” scenario arises: Had he “diamond-handed” his Microsoft shares — a term in finance meaning to hold onto assets through market ups and downs — his wealth might have soared to unmatched levels. A resurfaced article from 2021 amplifies this speculation: What if Gates had kept his initial Microsoft stakes? Could he have outpa  ( 36 min )

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Nvidia shares slipped on word the chipmaker delayed the launch of a new AI semiconductor designed to comply with new U.S. export rules.  ( 19 min )

(Bloomberg) -- In the blink of an eye, Argentine President-elect Javier Milei pivoted away from advisers advocating for his most dramatic campaign promises, choosing Wall Street veterans closer to former leader Mauricio Macri.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesBond Rally Shows Signs of Stalling as Stocks Waver: Markets WrapDublin Night of Riots Leaves City With Trail of Destr  ( 35 min )

(Bloomberg) -- Walgreens Boots Alliance Inc.’s international unit Boots is transferring its $6 billion (£4.8 billion) pension plan to a financial services company, a deal that could pave the way for a sale of the pharmacy chain.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesBond Rally Shows Signs of Stalling as Stocks Waver: Markets WrapDublin Night of Riots Leaves City With Trail of Des  ( 34 min )

(Bloomberg) -- iRobot Corp., the vacuum-cleaner maker that Amazon.com Inc. is proposing to buy in a billion-dollar deal, soared by the most in nearly three years on a report that European Union regulators plan to clear the merger.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageXi Tolerance for Property Pain Nears Limit as Rescue EmergesBond Rally Shows Signs of Stalling as Stocks Waver: Markets WrapDublin Night of Riots Leaves City With Trail of D  ( 34 min )

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Business activity held steady in November, but employment in the private sector declined for the first time in almost three-and-a-half years.  ( 34 min )

Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The investment giant -- which sold a stake worth $36 million in Paytm in 2021, at a profit -- sold its remainder position on Friday for $121.6 million, according to disclosure by the local Indian stock exchange. Berkshire secured a return of $157 million on its ~$260 million investment in Paytm.  ( 34 min )

Stocks teetered on both sides of the lat line amid a holiday-shortened session ahead.  ( 34 min )

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Freight brokerages typically can stay afloat during trucking recessions. But the ongoing, severe downturn has slammed third-party logistics companies. The post The biggest freight brokerage layoffs and bankruptcies in 2023 appeared first on FreightWaves.  ( 39 min )

"Thrifty behavior has been climbing up the income ladder," reads a note from Morgan Stanley.  ( 35 min )

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Amazon's $1.4 billion deal to buy smart vacuum cleaner company iRobot is set to win full EU antitrust approval, according to a report.  ( 19 min )

OPEC+ has moved closer to a compromise with African oil producers on 2024 output levels, three OPEC+ sources told Reuters, after disagreements over those targets forced the group of oil-producing nations to postpone a key meeting. OPEC members Angola and Nigeria were aiming for a higher oil output allowance, officials told Reuters on Thursday. The postponement of the meeting of Organization of the Petroleum Exporting Countries and allies such as Russia, known as OPEC+, from Nov. 26 to Nov. 30 sent oil prices sharply lower.  ( 33 min )

Artificial intelligence, AI, has been a staple of science fiction for decades, but it has been making waves in the real world for quite some time. Numerous advanced technologies, from autonomous vehicles to CT and MRI scanning, depend on AI to function. Moreover, over the past year, generative AI has gained substantial popularity, particularly since the ChatGPT bot showcased how the technology can replicate human interaction in our online communication. It’s not quite Data from Star Trek, but AI  ( 38 min )

An exchange-traded fund tracking artificial intelligence stocks saw investors pouring money after six straight weeks of outflows, on the backdrop of strong quarterly results by chipmaker Nvidia and rising optimism that U.S. interest rates have peaked. The Global X Robotics & Artificial Intelligence ETF received $35.5 million in net inflows in the week ending on Wednesday, its strongest since June earlier this year, according to Lipper data. The growing prospect of a rapid flip to rate cuts by the Federal Reserve next year also has driven investors into beaten-down Treasuries, pushing Treasury yields down and boosting rate-sensitive technology and growth stocks.  ( 34 min )

The U.S. has built a fortress to keep out Chinese EVs, even as millions sell around the world.  ( 28 min )

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Nvidia stock has more than tripled this year but it can’t seem to break above the $500 mark. Even another stellar set of quarterly earnings couldn’t make it happen.  ( 22 min )

Nvidia told customers in China that it will delay the launch of its new artificial intelligence chip until 2024 and General Motors will scale back its plans for its Cruise robo-taxi service. Here’s what investors need to know today.  ( 18 min )

Stocks struggled to hold onto pre-Thanksgiving Day gains with a holiday-shortened session ahead.  ( 34 min )

OpenAI crossed the Rubicon this past week—going back to the way things simply is no longer an option and teams may now scatter to the wind.  ( 36 min )

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The main three U.S. stock indexes are set for their fourth consecutive weekly gains, driven by hopes that the Federal Reserve is done hiking interest rates and signs the U.S. economy remains resilient. The benchmark S&P 500 is about 1% away from setting a new high for the year.  ( 34 min )

The S&P 500's gains may no longer just be down to the Magnificent Seven megacaps, bolstering hopes for a rally through year-end.  ( 36 min )

When it comes to picking potential retail winners this holiday season, you must get a sense of a couple key metrics.  ( 37 min )

Buying vehicles directly from consumers improves profit margins and allows dealers to reduce prices, finance chiefs say.  ( 27 min )

After a summer of spending on experiences, Americans are on the hunt for deals. This year’s Black Friday features cheaper prices than a year ago, with many retailers expecting a cautious-but-strong consumer this holiday s  ( 25 min )

Walmart is well-positioned for the holiday season, according to an analyst, as Black Friday kicks off, and a report says Nvidia is delaying the launch of a new artificial-intelligence chip.  ( 23 min )

(Bloomberg) -- Italian telecom operator Fastweb is exploring a potential deal for Vodafone Group Plc’s Italian operations, according to people with knowledge of the matter. Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Hamas War Truce to Begin Fri  ( 34 min )

(Bloomberg) -- Investors flocked into equities at the fastest pace in almost two years, according to Bank of America Corp.’s Michael Hartnett, as wagers of peak interest rates grow.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Frees 24 Hostages From Gaza as Israel Truce Holds Steady‘Fear Gauge’ Hits 2020 Low as Stocks Up This Week: Markets WrapXi Tolerance for Property Pain Nears Limit as  ( 34 min )

A new report predicts up to $70 billion could pour into Bitcoin if a spot ETF is approved.  ( 33 min )

We asked five financial advisors to share their most surprising year-end financial-planning or investing tips.  ( 34 min )

Volkswagen said on Friday it will develop a new platform for entry-level electric vehicles in China and use more local components to lower costs, as the German company seeks to regain lost ground in the world's biggest auto market. The new architecture, known as the A Main Platform, will be made specifically to Chinese consumer tastes with regards to the battery, electric drive and electric motor, China chief Ralf Brandstaetter told reporters during a visit to its new EV development and procurement centre in the central city of Hefei. Derived from the so-called modular electric drive matrix (MEB), Volkswagen's existing electric-only platform in use since 2019, it will primarily use Chinese suppliers and should be ready for market in 2026, a third faster than previous platform development times, he added.  ( 35 min )

Saudi Arabia may want to cut oil production further, but it will take political finesse.  ( 30 min )

(Bloomberg) -- Shares in Asia were mixed while Treasuries fell after declines in European bonds, eroding a November rally in US debt. Oil extended losses.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Hamas War Truce to Begin Friday Morning, Qatar  ( 35 min )

NVIDIA is facing a lawsuit filed by French automotive company Valeo after a screensharing blunder by one of its employees.  ( 35 min )

The term premium is defined as the added yield or return investors demand for bearing the risk associated with holding longer-term debt.  ( 25 min )

The Magnificent Seven have rallied 107% this year versus 3% for an equally weighted version of the S&P 500. Why smaller tech stocks are poised for the next big move.  ( 30 min )

DraftKings stock has been a good bet all year but ARK Invest's Cathie Wood seems to think the odds of the rally continuing don’t look great.  ( 21 min )

(Bloomberg) -- China is ramping up pressure on banks to support struggling real estate developers, signaling President Xi Jinping’s tolerance for property sector pain is nearing its limit. Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Hamas War Tr  ( 37 min )

(Bloomberg) -- Treasuries fell as they reopened after Thanksgiving, following a slide in European bonds that was caused by concerns of a burgeoning supply and the potential that central banks will keep rates higher for longer. Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest  ( 33 min )

Brennan Schlagbaum is maxing out his HSA each year, not touching the money, and letting it grow tax-free over time.  ( 36 min )

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While the market expects some cutbacks, it could go even deeper, says Anas Alhajji.  ( 35 min )

(Bloomberg) -- While Cathie Wood has been touting her bullish stance on Bitcoin in recent months, her firm ARK Investment Management actually cut holdings in the Grayscale Bitcoin Trust.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsAsia Stocks Set to Ope  ( 33 min )

The Indian rupee ended at a record closing low on Friday, weighed down by weakness in its Asian peers and dollar demand from foreign banks. Foreign banks were seen bidding for U.S. dollars on Friday, likely on behalf of custodial clients, a foreign exchange trader at a private bank said. Asian currencies edged lower as well, with the Thai baht and Korean won leading losses, falling 0.6% and 0.5%, respectively.  ( 34 min )

Brent crude futures rose in early Asian trade on Friday, reversing losses in the previous session as traders speculated on whether OPEC+ would come to an agreement on further production cuts. Brent crude futures gained 29 cents, or 0.4%, to $81.71 at 0213 GMT, after settling down 0.7% in the previous session. The Organization of Petroleum Exporting Countries and allies, together known as OPEC+, surprised the market with an announcement on Wednesday that it would postpone a ministerial meeting by four days to Nov. 30, after producers struggled to come to a consensus on production levels.  ( 34 min )

What do financial certifications actually mean? We decode the meaning of the many letters that can follow the names of finance professionals.  ( 28 min )

Today's best nationwide CD rates include 6.00% from Securityplus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.  ( 20 min )

From SEO strategies to thought leadership and and a digital presence, to the right marketing mix for your budget, these approaches can help you grow your practice.  ( 24 min )

Filing for a tax extension allows you to get extra time to file your tax return. But be warned, even if you extend your filing deadline, you still need to pay on time.  ( 31 min )

Form 8949 is a required addition to your annual tax return when you have sold capital assets such as stocks at a profit or a loss during the year.  ( 29 min )

Form 1041 is an IRS tax return to report income generated by assets held in an estate or trust.  ( 27 min )

The reasons for a delay in getting your tax refund can range from incorrect information on your tax forms to a debt offset or even identity theft.  ( 27 min )

Tax deductions can lower your taxable income and save you money when you file your tax return. See how much you can lower your tax bill with these tax write-offs.  ( 31 min )

U.S. equities were mixed and little changed, with the S&P 500 up 0.06%, on the shortened Black Friday trading session following the Thanksgiving holiday.  ( 16 min )

Coinbase shares took off along with the price of Bitcoin, and as the exchange benefited from a legal settlement by larger rival Binance.  ( 17 min )

Shares of Apple Inc. fell about 1% Friday after reports indicated iPhone sales during China’s 2023 Singles Day shopping event fell about 4% from last year.  ( 17 min )

iRobot shares soared on a report European regulators will give the go-ahead for Amazon's acquisition of the Roomba vacuum manufacturer.  ( 18 min )

Completing Form 2441, Child and Dependent Care Expenses, isn't difficult. Learn when to use it, how to fill it out, and how to include it when filing your tax return.  ( 29 min )

The tax implications for a foreign investor will depend on whether that person is classified as a resident alien or nonresident alien.  ( 25 min )

This designation is highly relevant as it allows you to help the middle and lower-income population in America.  ( 22 min )

Form 4797 is used to report gains made from the sale or exchange of business property, including but not limited to property used to generate rental income.  ( 24 min )

Nvidia shares slipped on word the chipmaker delayed the launch of a new AI semiconductor designed to comply with new U.S. export rules.  ( 17 min )

Form 8936: Qualified Plug-in Electric Drive Motor Vehicle Credit is an IRS form for owners and manufacturers of certain new electric motor vehicles.  ( 27 min )

While there are many types of Form 1099, they all serve to report non-employment income to the IRS.  ( 27 min )

Form 1065: U.S. Return of Partnership Income is a tax document issued by the IRS used to declare the profits, losses, deductions, and credits of a business partnership.  ( 25 min )

A currency trader enters a forex hedge to protect an existing or anticipated position from an unwanted move in the foreign currency exchange rates.  ( 24 min )

Nvidia told customers in China that it will delay the launch of its new artificial intelligence chip until 2024 and General Motors will scale back its plans for its Cruise robo-taxi service. Here’s what investors need to know today.  ( 18 min )

Risk measures give investors an idea of the volatility of a fund relative to its benchmark index. Discover more about risk measures here.  ( 21 min )

A gap is an area on a technical chart where an asset's price jumps higher or lower from the previous day’s close.  ( 26 min )

A tax identification number (TIN) is used by the IRS as a tracking number for tax purposes and is required information on all tax returns. It also has other purposes.  ( 26 min )

Shares of Apple Inc. fell about 1% Friday after reports indicated iPhone sales during China’s 2023 Singles Day shopping event fell about 4% from last year.  ( 1 min )

iRobot shares soared on a report European regulators will give the go-ahead for Amazon's acquisition of the Roomba vacuum manufacturer.  ( 1 min )

Nvidia shares slipped on word the chipmaker delayed the launch of a new AI semiconductor designed to comply with new U.S. export rules.  ( 1 min )

U.S. equities were mixed and little changed, with the S&P 500 up 0.06%, on the shortened Black Friday trading session following the Thanksgiving holiday.  ( 1 min )

Stock futures were mixed and bond yields jumped as trading resumed for a shortened day and investors awaited clues about the health of consumers' finances on one of America's largest shopping days.  ( 1 min )

Nvidia told customers in China that it will delay the launch of its new artificial intelligence chip until 2024 and General Motors will scale back its plans for its Cruise robo-taxi service. Here’s what investors need to know today.  ( 1 min )

Het leven wordt volgend jaar weer wat duurder. Zo zijn klanten van ING vanaf maart meer geld kwijt voor hun betaalrekening en schroeft waterbedrijf Vitens begin volgend jaar zijn tarieven op. Dat hebben beide bedrijven vrijdag bekendgemaakt.  ( 9 min )

Het UWV gaat alle boetes terugdraaien die het had uitgedeeld na een scan die controleerde of werklozen in Nederland bleven. De uitkeringsinstantie had daar geen toestemming voor en draait daarom 703 straffen terug. Het UWV gaat deze zaken opnieuw bekijken.  ( 8 min )

De rechtstreekse trein tussen Amsterdam en Londen rijdt volgend jaar zes maanden niet. Dit komt door werkzaamheden op station Amsterdam Centraal. Tussen juni en december 2024 moeten reizigers daarom op zoek naar een alternatief.  ( 9 min )

Werknemers van Amazon hebben op Black Friday in meerdere Europese vestigingen het werk neergelegd. Ze eisen meer loon en betere arbeidsomstandigheden. In Nederland was rond het middaguur in het Amsterdamse Amazon-kantoor een actie aangekondigd.  ( 9 min )

De Dordtse chemiefabriek Chemours staat binnenkort weer tegenover de provincie Zuid-Holland in de rechtbank. Het bedrijf heeft de rechter gevraagd een opgelegde dwangsom op te schorten. De zitting staat gepland op 19 december.  ( 10 min )

Door de verkiezingsuitslag van dinsdag ligt het niet voor de hand dat klimaat een prominent thema wordt voor een toekomstig kabinet. Grote winnaar Geert Wilders wil de Klimaatwet zelfs "door de shredder" halen. Bij milieuorganisaties is de uitslag ingeslagen als een bom.  ( 12 min )

Reclames voor Black Friday vliegen ons al weken om de oren. Je kunt op deze koopjesdag nieuwe producten vaak met flinke kortingen aanschaffen, maar daar hangt wel een prijskaartje aan.  ( 10 min )

Op 24 november is het Black Friday. Eerder was dat één dag waarop winkels hun producten met korting verkochten., maar inmiddels stunten ze wekenlang met aanbiedingen. Laat jij je op Black Friday verleiden tot aankopen? Of let je juist niet op alle kortingen?  ( 9 min )

Sekswerkers kunnen voortaan makkelijker een zakelijke rekening openen. Daarvoor moeten ze wel een uitdraai van hun belasting- of btw-aangifte laten zien.  ( 9 min )

De Finse stroomprijs is vrijdag diep in de min gegaan door een foutje van een beurshandelaar. Daardoor krijgen Finnen 's middags en 's avonds geld toe als ze stroom verbruiken.  ( 8 min )

In Nederland reden begin dit jaar ruim een half miljoen elektrische auto's, waarvan de helft in bezit is van particulieren. Die zijn opvallend vaak mannelijk, tussen de veertig en de zestig jaar en ze hebben veelal een hoog inkomen.  ( 9 min )

Huizenkopers en bouwbedrijven zijn bang dat het overvolle stroomnet steeds meer problemen geeft op de woningmarkt. Recent zijn enkele nieuwbouwprojecten geraakt doordat er geen stroomaansluitingen beschikbaar zijn. Dat zou de komende jaren steeds vaker kunnen gebeuren.  ( 13 min )

A deferred tax asset is a line item on a company's balance sheet that reduces its taxable income.  ( 24 min )

Draw Fibonacci retracement and extension grids to identify hidden support and resistance that may come into play during the life of a trade.  ( 24 min )

Tax season is the period between Jan. 1 and about April 15 of each year when taxpayers get ready to report their taxable income for the previous year.  ( 25 min )

An in the money put option occurs when the current market price of the underlying security is below the strike price of the put option. Learn more here.  ( 27 min )

Form 8880: Credit for Qualified Retirement Savings Contributions is an IRS form used to claim the retirement saver's credit on an individual's taxes.  ( 25 min )

Retirement planning helps determine retirement income goals, risk tolerance, and the actions and decisions necessary to achieve those goals.  ( 35 min )

With Apple in the top spot, these are the biggest companies in the world by market capitalization.  ( 26 min )

Obtaining a financial certificate can land you a long, profitable career at an affordable price.  ( 27 min )

Formerly the leading indicator to price debt instruments, LIBOR was produced once a day by the Intercontinental Exchange (ICE) based on information from global banks.  ( 22 min )

A key aspect of investing is measuring your results. This information in and of itself is meaningful, but it doesn’t tell the whole story.  ( 28 min )

Form 1040EZ was the shortest version of form 1040, designed for taxpayers with basic or simple tax situations. It is not longer used.  ( 25 min )

Get a detailed comparison between life as a stockbroker versus a financial advisor and find out how the two careers differ and may be best for you.  ( 23 min )

Donor-advised funds are exploding in popularity among high-net-worth individuals, but these charitable giving vehicles have been criticized as well.  ( 26 min )

While early withdrawals aren’t recommended, an often-overlooked feature of the Roth IRA lets the account work as an emergency fund.  ( 34 min )

De CO2-uitstoot in ons land is sinds 2010 gedaald ondanks dat de economie de afgelopen jaren groeide. Huishoudens gebruiken steeds minder fossiele brandstoffen zoals gas. En dat is goed voor het klimaat.  ( 9 min )

De Duitse regering houdt zich dit jaar niet aan het schuldenplafond dat het land normaal gesproken heeft. Dit komt doordat de oosterburen een begrotingsprobleem hebben van 60 miljard euro, na een recent besluit van de rechter.  ( 8 min )

De helft van de investeringen van fossiele bedrijven zou tegen 2030 terecht moeten komen bij projecten voor schone energie. Die oproep doet het In­ter­na­ti­o­naal Ener­gie­agent­schap (IEA), dat ook vindt dat energieconcerns "de waarheid" over het klimaat onder ogen moeten zien.  ( 8 min )

Novo Nordisk breidt de productie uit van zijn veelgebruikte diabetesmedicijnen Wegovy en Ozempic. De vraag naar de twee producten is inmiddels zo groot dat het farmabedrijf het bijna niet meer kan bijbenen. Veel mensen zien de middelen als een afslankmiddel.  ( 8 min )

De Nederlandse Loterij, bekend als verkoper van Staatsloten, adverteert niet meer op X. Ook webwinkel bol heeft het socialemediaplatform de rug toegekeerd.  ( 9 min )

De centrale bank in Turkije schroeft de rente in het land opnieuw op om de torenhoge inflatie aan te pakken. De rente werd met 5 procentpunt opgeschroefd tot 40 procent. Het was de zesde verhoging op rij.  ( 8 min )

Door de droogte en slechte oogsten in Zuid-Europa blijven de prijzen van olijfolie stijgen. In Spanje en Italië, waar een groot deel van de olijfolie wordt geproduceerd, stijgen de prijzen het hardst.  ( 8 min )

De Britse regering stelt strengere eisen aan uitkeringen. Werklozen die na anderhalf jaar nog steeds geen baan hebben gevonden, moeten aan de slag.  ( 9 min )

Er worden steeds meer woningen met een groen energielabel verkocht. Bovendien worden huizen met een hoge duurzaamheidsscore voor meer geld gekocht, terwijl minder duurzame huizen juist minder opleveren.  ( 8 min )

Novo Nordisk, het farmaceutische bedrijf achter de populaire afslankmiddelen Wegovy en Ozempic, gaat de productie uitbreiden. De vraag naar de afslankmiddelen is inmiddels zo groot dat het bedrijf het bijna niet meer kan bijbenen.  ( 8 min )

Energieleveranciers Essent en Vattenfall verhogen bij de jaarwisseling variabele prijzen. Dat is de eerste verhoging sinds begin 2023, die grotendeels door extra belastingen en netbeheerkosten komt. Bij Vattenfall belandt de gasprijs boven de huidige grens van het prijsplafond.  ( 11 min )

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Amazon (NASDAQ:AMZN) has created massive wealth for long-term investors. Shares of the big tech company have surged a staggering 5,200% in the past two decades. Despite its market-thumping gains, AMZN stock is down 23% from all-time highs due to economic headwinds. But as inflation is brought under control, there is a chance for interest rates to move lower as well, acting as a tailwind for Amazon. For AMZN to regain its all-time highs, it will have to gain 30%, which isn’t out of reach. I am ex  ( 35 min )

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Buffett probably wouldn't mind celebrating Thanksgiving at McDonald's, as he grabs breakfast there and owns one of the fast-food chain's gold cards.  ( 33 min )

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(Bloomberg) -- A power trader error sent shockwaves through the Finnish market as it mistakenly offered to sell the equivalent of at least half the country’s entire consumption at an hourly auction.Most Read from BloombergOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsIsrael-Ham  ( 34 min )

Half a million dollars might sound like a lot of money, but if you’re approaching retirement, is it enough? If you have $500,000 in a pre-tax IRA and expect $2,000 per month from Social Security, you may have enough money to retire at age 67. A half million dollars is a relatively modest nest egg, […] The post I Have $500k in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67? appeared first on SmartReads by SmartAsset.  ( 35 min )

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How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with the IRS. But even … Continue reading → The post Ask an Advisor: I Want to Give Money to My Son and Daughter-in-Law. How Much Money Can I Give Away Without ‘Incurring a Tax Issue With the IRS?' appeared first on SmartAsset Blog.  ( 35 min )

I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.  ( 35 min )

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The oil and gas industry faces losses of more than $3 trillion (£2.4 trillion) because of net zero, the International Energy Agency (IEA) has warned.  ( 35 min )

The two-year bond yield has been higher than the 10-year bond yield since July 2022. Don't panic.  ( 22 min )

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At least in the short run, the tax agency’s moves frustrate lawmakers’ attempts to raise revenue and plug gaps in tax compliance.  ( 28 min )

Three major Greek shipping firms have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions now being imposed on some shipping firms carrying Russian oil, four traders told Reuters and shipping data showed. The development is a blow to Russia as it narrows the number of shipping firms that are ready to transport Russian oil to consumers in Asia, Turkey, the Middle East, Africa and South America - although traders said Moscow still had enough shipping firms for now. Greek shippers Minerva Marine, Thenamaris and TMS Tankers have stopped transporting Russia oil in recent weeks, the four traders said.  ( 34 min )

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With companies already positioned for a slowing economy, earnings will still grow in 2024 and send the S&P 500 to a record high, according to the team at Bank of America.  ( 35 min )

The Microsoft founder is predicting a utopian world where "we don’t have to work as hard”.  ( 34 min )

American Airlines has lashed out at U.S. travel agents in a scathing response to the complaint that the airline's robust distribution strategy was unfair.  ( 35 min )

Corporate America is talking less about a recession, a development that is in line with economist forecasts that have revised out the likelihood of recession in the year ahead.  ( 37 min )

(Bloomberg) -- Oil options trading took a sharply bearish turn as the OPEC+ producer group postponed a pivotal output-policy meeting to next week. Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageSam Altman, OpenAI Board Open Talks to Negotiate His Possible  ( 34 min )

The Thanksgiving holiday creates some changes in trading days and hours for both the stock and bond markets heading into the start of the 2024 holiday season.  ( 34 min )

Sam Altman has returned and the company is to expand its board and explore governance changes, but who won and who lost in its new power structure?  ( 30 min )

Is it a viable plan to use my 401(k) for the eight years between retirement (age 62) and the max payout age for Social Security (age 70)? I have about $750,000 and I’m planning to take about $1,700 per month. I already have a pension of about $1,500 per month. –Lynne Waiting to file for […] The post Ask an Advisor: Should I Delay Social Security and Rely on My 401(k) for 8 Years? I Have $750k in Savings and a Pension appeared first on SmartReads by SmartAsset.  ( 35 min )

Why does a financial advisor get a fee of 1% or more? That seems really high. If my return is only 4% (for example, in dividends), I am giving away 25% of my return, which is even worse with a … Continue reading → The post Ask an Advisor: ‘I Am Giving Away 25% of My Return.' Why Does a Financial Advisor Earn a 1% Fee, Even in a Bear Market? appeared first on SmartAsset Blog.  ( 35 min )

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While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to … Continue reading → The post Best Work-from-Home Opportunities for Retirees appeared first on SmartAsset Blog.  ( 36 min )

The New York Stock Exchange and the Nasdaq Stock Market will be closed on Thursday in observance of Thanksgiving, as will the U.S. bond market.  ( 21 min )

Medical Properties Trust (NYSE:MPW), a REIT involved with medical properties, recently reported its Q3-2023 earnings results, which I’ll discuss in detail. In a nutshell, higher interest rates impacted cash available for distributions and will likely continue to do so for a while longer. Nevertheless, the Federal Reserve is broadly expected to start cutting rates in a few months. As a highly indebted company, Medical Properties Trust will be one of the key beneficiaries. I am bullish on the stoc  ( 36 min )

(Bloomberg) -- When a team of Israeli technocrats that calls itself the “government’s CFO” scans the battlefield with the war against Hamas almost seven weeks in, it sees an accounting ledger with billions of debits stacking up.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageMcKinsey and Its Peers Are Facing the Wildes  ( 36 min )

(Bloomberg) -- Argentine President-elect Javier Milei lauded former central bank president Luis Caputo Wednesday, acknowledging he has the expertise to be the next government’s economy minister. Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridayOpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into LeverageDutch Far-Rig  ( 34 min )

BEIJING (Reuters) -China's Zhongzhi Enterprise Group told investors it is heavily insolvent with liabilities of up to $64 billion, more than double its assets, as one of the country's leading wealth managers grapples with a deepening property sector crisis. The firm, which has sizable exposure to China's real estate sector, apologised to its investors in a letter that said it had total liabilities of about 420 billion yuan ($58 billion) to 460 billion yuan ($64 billion). The liabilities compared to Zhongzhi's estimated total assets of about 200 billion yuan ($27 billion), according to the letter, which was issued on Wednesday and was seen by Reuters.  ( 34 min )

Bernard Arnault is reshuffling the leadership of his luxury conglomerate.  ( 35 min )

"This is quite positive technically, and I expect that gold has begun its push back to new all-time highs."  ( 34 min )

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A top Citigroup executive asked employees to speak up if they see inappropriate behavior after a managing director sued the company this week, alleging she was sexually harassed by a manager in equities. "No colleague should ever be discriminated against or harassed," Andy Morton, Citigroup's global head of markets, wrote in the memo sent on Tuesday, which referenced a recently filed lawsuit. "We will take decisive action when we determine unacceptable behavior has taken place."  ( 33 min )

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Demand for chips should trickle down to the semiconductor equipment industry.  ( 25 min )

(Reuters) -Bayer held a call with investors on Monday after a raft of bad news led some of them to question whether the German group had been upfront about its prospects ahead of a $5.75 billion bond issuance, three sources familiar with the situation said on Wednesday. The bad news prompted some bond investors to question whether Bayer should sweeten the terms of the deal or outright pull it, one of the sources said. The drug-to-pesticides group priced the investment grade bond on Thursday last week, with the deal closing on Tuesday.  ( 35 min )

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Broadcom finally completed its $69 billion acquisition of VMware following approval by Chinese regulators.  ( 18 min )

Crypto enthusiasts are breathing an audible sigh of relief, saying Binance's $4.3 billion pact with the US government lifts the uncertainty hanging over their industry  ( 38 min )

When a market sector begins to see a pickup in insider buying, that's generally a positive sign, indicating that the sector is considered undervalued and showing signs of improving returns in the future. Insiders may sell stock for any number of reasons, but they almost always buy shares because they believe in the prospects of their company. Recently, insider purchases of real estate investment trusts (REITs) have been on the rise, as company officials sense share prices have stabilized and are  ( 36 min )

Nvidia still has a number of years of growth ahead of itself, according to analysts.  ( 37 min )

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Coinbase stands among the few credible crypto exchanges, even as it faces its own regulatory hurdles.  ( 28 min )

In the ever-evolving landscape of retirement aspirations, Americans find themselves adjusting their financial targets for the golden years. The new magic number is $1.8 million, up from the previous benchmark of $1.7 million, According to the latest 401(k) Participant Study by Charles Schwab. But the study reveals a noteworthy paradox — while this ambitious goal is acknowledged, confidence levels among participants are not as high. Survey respondents said that accumulating $1.8 million in saving  ( 35 min )

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Love Thanksgiving food? Here's which staple dish is the top U.S. export.  ( 33 min )

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(Bloomberg) -- OpenAI reinstated Chief Executive Officer Sam Altman after hundreds of workers threatened to quit over the ChatGPT creator's ouster, highlighting just how much leverage the tech industry's most valued workers hold right now.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnNvidia Fails to Satisfy Lofty Investor Expectati  ( 34 min )

From a dynamic withdrawal strategy to “geographic arbitrage,” there are plenty of strategies to reduce your tax bill in retirement.  ( 22 min )

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While the stock market has been recovering since the pullback last year, market volatility remains high as geopolitical tensions persist. The recent crisis in the Middle East has sparked concerns regarding broader regional instability. The weakening economy has caused investors to cause the November rally to halt, with the Dow Jones Industrial Average index declining marginally intraday on Tuesday. The National Retail Federation expects retail sales to grow at the slowest pace in the last five y  ( 36 min )

Morgan Stanley analysts anticipate that home prices will fall 3% next year as mortgage rates continue to fall, helping to improve the supply constraints.  ( 35 min )

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Paris Hilton's 11:11 Media is pausing an exclusive ad campaign on X following Elon Musk's tweet endorsing an antisemitic conspiracy theory.  ( 33 min )

OPEC+ rescheduled one of the year's biggest oil meetings, sending prices lower ahead of Thanksgiving with uncertainty about additional supply cuts weighing on prices.  ( 36 min )

New Constructs’ David Trainer warns that Nvidia’s stock is “priced for perfection” in a world where the ideal is a rarity at best.  ( 37 min )

Goldman Sachs is predicting good news for an electric vehicle market hit by lagging demand, with falling prices the key factor.  ( 36 min )

Shares of Nvidia slipped in early trading as investors considered the chip maker's blockbuster quarterly results. The shares stood about 3% lower in recent trading, making them among the worst performers on the S&  ( 23 min )

Sam Altman is returning to OpenAI but power at the artificial-intelligence startup is still set to be held by its board. Here's who's left and who's come in.  ( 28 min )

Dave Liniger on what will happen to real-estate commissions after the bombshell antitrust verdict: “I wish I could tell you; I have no idea.”  ( 35 min )

(Bloomberg) -- One of China’s largest shadow banks warned it’s “severely insolvent,” with a debt pile more than two times higher than assets, according to a letter seen by Bloomberg News.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomHulu for $1, Max for $3: Streaming Se  ( 34 min )

Baidu doesn’t face the challenges Alibaba does, making its stock a more attractive bet on China’s technology sector.  ( 25 min )

Deere reports fiscal fourth-quarter earnings of $8.26 a share from equipment sales of about $13.8 billion. Wall Street was looking for profit of $7.46 a share and sales of $13.6 billion.  ( 26 min )

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Broadcom on Wednesday closed its $69 billion acquisition of cloud-computing firm VMware after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. China's regulatory approval came through on Tuesday after ongoing tensions with the U.S. around tougher chip export control measures had stoked fears among some investors on the company's ability to close the deal before the Nov. 26 deadline.  ( 34 min )

"Can barely buy an AK-47 with 600 bucks," a Binance compliance staffer told his boss in 2019, per regulators.  ( 35 min )

AT&T director Stephen J. Luczo bought a large block of shares of the media and telecom firm.  ( 21 min )

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Is there any U.S. trading on Thursday? No. The New York Stock Exchange, Nasdaq Stock Market and U.S. bond markets will be closed for the Thanksgiving holiday. What about Black Friday? The NYSE and Nasdaq will close early, at 1 p.m. ET, on the Friday after Thanksgiving. Bond markets will a  ( 23 min )

Good news for American drivers ahead of Thanksgiving: Gasoline prices are down almost 10% from a year ago, according to AAA. Will they keep falling? That depends, in part, on how OPEC+ responds to the recent drop  ( 23 min )

(Bloomberg) -- US mortgage rates dropped sharply, capping the biggest four-week slide in nearly a year and spurring a fresh round of applications to purchase homes.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnSam Altman Returns as OpenAI CEO in Chaotic Win for MicrosoftBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomMcKinsey and Its Peers Are Facing the Wildest Headwinds in  ( 33 min )

Analysts praised the earnings but voiced concerns over lost sales to China following U.S. restrictions on chip exports.  ( 23 min )

Deere reports fiscal fourth-quarter earnings of $8.26 a share from equipment sales of about $13.8 billion. Wall Street was looking for profit of $7.46 a share and sales of $13.6 billion.  ( 26 min )

The company said it had not found “a viable alternative” to closing down in the months since it hit a clinical setback and laid off staff.  ( 34 min )

Suppose you have $1 million in a Roth IRA and will receive $2,250 each month from Social Security when you become eligible for benefits. Would this be enough to allow you to retire at age 62? The answer to that question could be yes, but there’s a chance it may require you to live on […] The post I Have $1 Million in a Roth IRA and Will Receive $2,250 Monthly From Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.  ( 36 min )

"I feel good but fully realize I am playing in extra innings," Buffett wrote.  ( 36 min )

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The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers, who see fiscal and monetary policies, next year's presidential election and recession fears as likely to start weighing on markets. Since late October, the S&P 500 has rallied roughly 10% and the Nasdaq has surged 13%, as investors increased bets that the Federal Reserve's tightening cycle is over after signs of cooling inflation and job growth and a better-than-expected third-quarter earnings season. Ten-year Treasury yields hit a 16-year high of 5.021% in late October, but have fallen back to 4.414%.  ( 36 min )

Historically, the S&P 500 tends to end Thanksgiving week in the green, and the bullish seasonals don't end there.  ( 36 min )

A one-size-fits-all policy may not only lead to legal repercussions but also overlook the diverse needs of a modern workforce.  ( 39 min )

Nvidia forecast overall revenue above Wall Street targets, but its shares fell 1% in premarket trading after the company said U.S. export curbs could lead to a steep drop in fourth-quarter sales in China. "A very high bar has been set for Nvidia and because of concerns about trade tensions, there is some element of worry creeping back," said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Big Tech stocks led a rebound in U.S. equities in November, with the S&P 500 coming within a whisker of its highest level this year, as signs of easing inflation boosted bets that the Fed was done with its interest rate hikes.  ( 34 min )

Enviva made a wager to buy pellets from a customer and resell them, but then prices fell.  ( 28 min )

An OPEC technical panel invited a top financial market dealer to give a presentation this week which painted a bearish outlook for the oil market, according to a presentation seen by Reuters. "Market sentiment had been fragmented for much of this year, but the evidence is that there has been a recent shift in collective sentiment to bearish as we head towards the end of the calendar year," one of the presentation slides by Onyx Capital Group showed.  ( 33 min )

Stocks have been surging through this month of November. Both the S&P 500 and the NASDAQ indexes are back within close reach of the peak yearly values hit at the end of July, after their single best month since Oct 2022 – and the month isn’t over yet. The gains have paralleled a drop in bond yields; the 10-year Treasury note touched 5% a few weeks ago, but is now down to nearly 4.4%. Clearly, market sentiment is running positive, and investors are not shy about buying into stocks right now. Supp  ( 40 min )

(Bloomberg) -- Alibaba Group Holding Ltd. founder Jack Ma is walking back plans to trim his stake after the Chinese e-commerce heavyweight suffered its biggest selloff in more than a year last week.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesSam Altman Returns as OpenAI CEO in Chaotic Win for MicrosoftNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomIsrael and Hamas Agree to  ( 34 min )

A top Alibaba executive told staff on Wednesday that it was a "coincidence" that a plan by former chief Jack Ma's family trust to sell some shares in firm was disclosed on the same day the firm scrapped its cloud unit's listing. In a move seen as an effort to quell ongoing unease within the e-commerce giant, Jiang Fang, an Alibaba partner and its chief talent officer, said in an post on the firm's intranet seen by Reuters that Ma's office had earlier this year made a plan to sell some shares to reinvest in agriculture and public welfare projects. Investors wiped some $20 billion off Alibaba's market value last Friday after the company abruptly scrapped plans to spin off its cloud and groceries businesses.  ( 35 min )

Now, the outcome could be frustrating for Microsoft. "Even though Microsoft benefits generously from ChatGPT's uprise, OpenAI remains a satellite unit, and integrating Altman in an internal MSFT team would've made sense."  ( 35 min )

Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced the plan after China joined the list of countries that had given a go-ahead for the acquisition.  ( 34 min )

Sam Altman is returning to OpenAI as chief executive. But what changes has Microsoft secured to improve its control of the artificial-intelligence start-up?  ( 21 min )

(Bloomberg) -- OpenAI will bring back Sam Altman and overhaul its board to bring on new directors including Larry Summers, a stunning reversal in a drama that’s transfixed Silicon Valley and the global AI industry.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomOpenAI in ‘Intense Discussions’ to Quell Potential MutinyHigher Intere  ( 37 min )

(Bloomberg) -- OpenAI will bring back Sam Altman and appoint new board members, after nearly all of its employees threatened to quit over his surprise ouster.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomOpenAI in ‘Intense Discussions’ to Quell Potential MutinyHigher Interest Rates Are Shattering Housing Dreams Around the WorldA  ( 34 min )

Sam Altman is returning to OpenAI as CEO following after his firing five days ago launched the company onto one of the wildest rollercoaster rides in tech history,  ( 33 min )

Microsoft’s quick reaction to OpenAI’s shake-up reframes the investment case for its already popular stock. Its footprint in artificial intelligence makes it seem undervalued.  ( 24 min )

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Being rich and being wealthy are often seen as being the same thing. After all, people who are rich or wealthy tend to have more assets and greater financial freedom than the typical person. In reality, there are some major … Continue reading → The post Key Differences Between Rich and Wealthy People appeared first on SmartAsset Blog.  ( 38 min )

I have $800,000 sitting in a money market account because I don't know what else to do with it. My hope was that I could put it in something that can yield around 4-5% growth. I also have $900,000 in my 401(k) that is sitting in minimal-risk accounts with Vanguard. I will be turning 62 […] The post Ask an Advisor: I’m 61 With $900k in My 401(k) and $800K Sitting in a Money Market Account. How Should I Invest? appeared first on SmartReads CMS - SmartAsset.  ( 35 min )

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(Bloomberg) -- One of the biggest losers from Chinese President Xi Jinping’s crackdown on the private sector has turned into a surprise stock-market winner after overhauling its business model.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomOpenAI in ‘Intense Discussions’ to Quell Potential MutinyHigher Interest Rates Are Shatteri  ( 35 min )

For investors seeking a solid return, few stock segments offer a better mix of risk, reward, and opportunity than healthcare stocks. While these stocks are known for their notoriously long product lead times and high overhead costs, they are also known for their ability to turn sharply on a new catalyst and generate strong returns. That dynamic is part and parcel of the biopharmaceutical research field. The biotech companies spend their capital and efforts – huge amounts of each – on the discove  ( 38 min )

Nvidia announced major jumps in revenue and net income in its latest earnings report amid the artificial intelligence boom, but the impact of export controls could hit certain markets.  ( 35 min )

Three of OpenAI's four directors don't actually work at the company, and yet they have total control over Sam Altman's fate.  ( 35 min )

Completing IRS Form 8962 is required when claiming the premium tax credit. Read our detailed guide to learn what Form 8962 is and how to file it.  ( 29 min )

The benefits of rolling over your 401(k) into an IRA when you change jobs can include more investment choices, lower fees, and greater control over your money.  ( 29 min )

Understand how dental insurance works and find out what to look for when comparing policies.  ( 25 min )

Before signing up for dental insurance, make sure it will cover what you need while avoiding unexpected expenses. Here are four key factors to investigate.  ( 25 min )

IRS Form 4868 allows taxpayers to apply for a six-month extension beyond the tax filing deadline.  ( 25 min )

Today's best nationwide CD rates include 6.00% from Securityplus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.  ( 20 min )

The unified tax provides a set amount you can gift to family and friends during your lifetime and upon death before gift and estate taxes apply.  ( 27 min )

The S&P 500 added 0.4% on Wednesday, Nov. 22, 2023, heading into the Thanksgiving break with a bounce back after its five-day winning streak ended Tuesday.  ( 17 min )

The term tax relief refers to various programs that help individuals and businesses lower their tax bills and settle their tax-related debts.  ( 31 min )

While food inflation has hit household budgets hard over the last few years, the picture is much better if you look at it over the long run.  ( 18 min )

Broadcom finally completed its $69 billion acquisition of VMware following approval by Chinese regulators.  ( 17 min )

Nordstrom warned that it was seeing "uncertainty and softening" in consumer spending, and shares declined.  ( 17 min )

The IRS says that you can roll a 403(b) plan into a 401(k) plan, or vice-versa, provided your employer permits it.  ( 24 min )

Are U.S. consumers able to keep up the spending spree that’s propped up the economy and prevented a long-anticipated recession? The Black Friday holiday shopping weekend could shed light on that question.  ( 19 min )

Belying more optimistic surveys, retailers in recent weeks have expressed modest holiday sales expectations amid a slowing U.S. economy.  ( 20 min )

HP's sales were hampered by a drop in demand, but the company suggested it anticipates artificial intelligence machines could be a key driver of growth next year.  ( 17 min )

To help you compare CDs, savings, and money market accounts, we research more than 200 financial institutions every business day to find the best rates. Here's the criteria we use.  ( 24 min )

There is a correlation between inflation and house prices — in fact, there are correlations between inflation and any goods with a limited supply.  ( 29 min )

Personal loan rates moved up to 21.76% this week, adding 19 basis points since last week when the average personal loan rate stood at 21.57%.  ( 19 min )

Find out why investors use the terminal value, why the terminal value is discounted to the present day, and how it relates to discounted cash flows.  ( 24 min )

The 1099 series of Internal Revenue Service (IRS) forms helps taxpayers report monies received, as long as they're above a certain threshold.  ( 28 min )

Start your marriage off right: Decide how you will set up your accounts, create a household budget, and don’t forget savings and retirement.  ( 26 min )

While some audits are random, many are triggered by taxpayer activity. These six red flags may grab the attention of IRS reviewers.  ( 24 min )

U.S. equities rallied back from Tuesday's declines at midday on Wednesday, Nov. 22, 2023 ahead of the Thanksgiving holiday.  ( 17 min )

Shares of Deere sank after its 2024 guidance fell short of estimates as high inflation and interest rates cut into demand.  ( 17 min )

Earnings before interest after taxes (EBIAT) is one of a number of financial measures used to evaluate a company's financial performance.  ( 22 min )

Oil prices sank 5% Wednesday morning after OPEC+ delayed a meeting scheduled for this weekend to Nov. 30.  ( 18 min )

Native Americans have been underrepresented in finance. Here are five people who have made an impact on investing for Native Americans.  ( 26 min )

Native-Americans are responsible for a long list of business successes, from well-known restaurant and retail chains to innovative startups.  ( 25 min )

Nvidia shares dropped after the chipmaker's earnings beat estimates amid concerns about the impact of restrictions on chip exports to China, but analysts say investors may be underestimating Nvidia's position in the artificial intelligence boom.  ( 18 min )

Here are five Native American chief executive officers (CEOs) who have had an impact on the world of business.  ( 25 min )

Kraken, a popular bitcoin change, launched cryptocurrency trading operations 2013.  ( 25 min )

Being married offers many tax benefits, including those for spouses who provide family support while their counterpart works at an income-producing job.  ( 26 min )

Binance is a cryptocurreny exchange that offers additional blockchain-specific services.  ( 27 min )

Binance Coin (BNB) is the native currency of the Binance exchange which follows the ERC 20 standard.  ( 26 min )

The expiration date of an option is the last day that an options or futures contract is valid.  ( 34 min )

American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.  ( 21 min )

American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.  ( 21 min )

Most mortgage rates fell or were unchanged Tuesday, with the 30-year mortgage rate average losing 18 basis points to land at 7.69%, just one day after it jumped up 20 basis points.  ( 19 min )

Get the most out of contributing to your IRA by understanding how deductions and tax credits work and the limitations placed on them.  ( 27 min )

IRS Publication 557 details the rules and regulations that have to be followed by an organization in order to gain tax-exempt status.  ( 23 min )

Understand what the capital adequacy ratio is and why it is a very important metric of financial soundness for evaluating investments in banks.  ( 24 min )

InterNotes® are newly issued corporate bonds available to buy at par value distributed through broker-dealers by InspereX.  ( 23 min )

Money can be made on a stock without owning shares, but short selling carries potentially higher risk and isn't for inexperienced investors.  ( 27 min )

Chat GPT maker OpenAI said Sam Altman will return as its CEO with a restructured board, just days after the startup's board dismissed him and he was hired by Microsoft.  ( 18 min )

Bankruptcy is a legal proceeding for people or businesses that are unable to repay their outstanding debts.  ( 31 min )

A nonce is an encrypted number uniquely identifying a block in a blockchain. Miners rush to decipher the nonce to generate new blocks, confirm transactions, and enhance network security.  ( 27 min )

ChatGPT maker OpenAI said Sam Altman will return as CEO and Nvidia reported big jumps in earnings and revenue on the back of strong data center sales. Here’s what investors need to know today.  ( 18 min )

You can invest in both a 403(b) and a 401(k) plan. However, the limit on your total annual contributions remains the same.  ( 26 min )

Inventory financing is a revolving line of credit or a short-term loan used primarily by small to medium-sized retail businesses to buy stock.  ( 26 min )

A dependent is a person who relies on you for their support. If you claim one or more dependents on your tax return, you may be eligible for certain tax credits.  ( 29 min )

Changpeng Zhao is the founder and former CEO of the world's largest cryptocurrency exchange, Binance. He resigned on Nov. 21, 2023 after pleading guilty to money laundering-related charges.  ( 24 min )

Savings accounts are bank or credit union accounts used to hold money temporarily, whereas a Roth IRA is a retirement account for long-term investing.  ( 25 min )

A qualified charitable organization is a nonprofit organization that qualifies for tax-exempt status according to the U.S. Treasury.  ( 24 min )

The S&P 500 added 0.4% on Wednesday, Nov. 22, 2023, heading into the Thanksgiving break with a bounce back after its five-day winning streak ended Tuesday.  ( 1 min )

U.S. equities rallied back from Tuesday's declines at midday on Wednesday, Nov. 22, 2023 ahead of the Thanksgiving holiday.  ( 1 min )

Oil prices sank 5% Wednesday morning after OPEC+ delayed a meeting scheduled for this weekend to Nov. 30.  ( 1 min )

Stock futures were up in premarket trading on Wednesday as Treasury yields dipped and oil prices slumped at the start of this week's last full day of trading.  ( 1 min )

ChatGPT maker OpenAI said Sam Altman will return as CEO and Nvidia reported big jumps in earnings and revenue on the back of strong data center sales. Here’s what investors need to know today.  ( 1 min )

The price of gold broke the $2,000 per ounce mark Tuesday afternoon, the highest price since May, as investors sought a "safe haven" amid turmoil in the cryptocurrency world.  ( 1 min )

Nordstrom warned that it was seeing "uncertainty and softening" in consumer spending, and shares declined.  ( 1 min )

Broadcom finally completed its $69 billion acquisition of VMware following approval by Chinese regulators.  ( 1 min )

HP's sales were hampered by a drop in demand, but the company suggested it anticipates artificial intelligence machines could be a key driver of growth next year.  ( 1 min )

De Britse regering stelt strengere eisen aan uitkeringen. Werklozen die na anderhalf jaar nog steeds geen baan hebben gevonden, moeten verplicht aan de slag.  ( 9 min )

Gemeenten willen stoppen met het inhuren van payrollarbeidskrachten. In plaats daarvan moeten ze zoveel mogelijk mensen in vaste dienst nemen. Dat is goedkoper, maar het is ook lastiger om op korte termijn vaste werknemers te vinden.  ( 9 min )

Niemand kijkt meer raar op van beeldbellen of een videovergadering. Zonder de komst van webcams was dit niet mogelijk geweest. Het begon dertig jaar geleden allemaal met beelden van een koffiepot.  ( 11 min )

Rabobank moet een boete van 26,6 miljoen euro betalen vanwege geheime afspraken met Deutsche Bank over de handel in staatsobligaties. De banken wisselden stiekem marktgevoelige informatie uit en stemden hun prijzen op elkaar af, oordeelt de Europese Commissie.  ( 10 min )

Het personeel dat op luchthavens de bagage in en uit het vliegtuig tilt, krijgt een forse loonsverhoging. Over twee jaar komt er gemiddeld 33 procent loon bij. Dat is een grotere salarisstijging dan waar vakbond FNV naar streefde.  ( 9 min )

Air France-KLM wordt deels eigenaar van de noodlijdende Scandinavische branchegenoot SAS. Een rechtbank in New York heeft een reddingsplan met daarin een investering van AF-KLM goedgekeurd.  ( 8 min )

In deze vierde aflevering duikt Jeroen Kraan de archieven in en doet hij een grote ontdekking. De provincie Noord-Holland heeft meer dan twee decennia lang toegestaan dat er te veel kankerverwekkende stoffen uit een fabriek van Tata Steel lekten.  ( 7 min )

Terroristische groeperingen hebben de afgelopen jaren transacties gedaan via Binance. Het grootste cryptoplatform ter wereld krijgt daarom een boete van omgerekend zo'n 4 miljard euro. Ook moet topman Changpeng Zhao het veld ruimen.  ( 9 min )

Sam Altman keert terug als topman van OpenAI. Het bestuur van het snel gegroeide bedrijf in kunstmatige intelligentie stuurde hem eind vorige week onverwachts weg. Nu zegt OpenAI met Altman een overeenkomst te hebben gesloten over zijn terugkeer.  ( 10 min )

Sam Altman keert terug als topman van OpenAI. Het bestuur van het snel gegroeide bedrijf in kunstmatige intelligentie stuurde hem eind vorige week onverwachts weg. Nu zegt OpenAI een overeenkomst te hebben gesloten met Altman over zijn terugkeer.  ( 9 min )

Tata Steel houdt zich nog altijd niet aan milieuafspraken die de staalfabriek en branchegenoten in 1992 maakten met de overheid. De metaalsector heeft de doelen voor onder meer fijnstof en stikstof nog steeds niet gehaald, blijkt uit onderzoek van NU.nl.  ( 14 min )

Maar liefst vijftien politieke partijen willen een einde maken aan kinderopvang in handen van commerciële partijen. Zij vrezen ervoor dat publiek geld in de diepe zakken van investeerders belandt. Experts zetten daar hun vraagtekens bij.  ( 11 min )

The tier 1 capital ratio is the ratio of a bank’s core tier 1 capital—its equity capital and disclosed reserves—to its total risk-weighted assets.  ( 25 min )

Teens can make money with a variety of job types like babysitting, lifeguarding, or lawn work. Now, teens have more opportunities to make money online as well.  ( 29 min )

The price of gold broke the $2,000 per ounce mark Tuesday afternoon, the highest price since May, as investors sought a "safe haven" amid turmoil in the cryptocurrency world.  ( 18 min )

Today's best nationwide CD rates are 6.00% from SecurityPlus Federal Credit Union, 5.88% from West Town Bank & Trust, and 5.80% from Seattle Bank.  ( 19 min )

Since starting to climb in early 2022, CD rates have surged to record levels in every major term. But with more Fed hikes looking unlikely, will rates max out in November?  ( 19 min )

Symbotic shares climbed over 40% Tuesday after the Walmart and Softbank-backed maker of AI-powered robotic warehouse systems reported record revenue as it improved margins and deployed new systems.  ( 18 min )

Ford is cutting back on its production plans for a Michigan battery plant as electric vehicle (EV) demand wanes.  ( 18 min )

The Low-Income Housing Tax Credit (LIHTC) provides an incentive for developers to build, buy, and refurbish housing for low-income taxpayers.  ( 23 min )

Withdrawals of earnings from a Roth IRA don’t count as income, but only if you follow the IRS rules.  ( 26 min )

Prices are down about 10% from a year ago at this time, as drivers in Texas and 10 other states are seeing average gas prices lower than $3 a gallon.  ( 17 min )

The S&P 500 lost 0.2% on Tuesday, Nov. 21, 2023, after several retailers warned that consumers are spending less.  ( 17 min )

The chipmaker, which controls the large majority of the AI chip market, seems set to continue to rise with a newly increased forecast through the end of the year.  ( 19 min )

The Markowitz efficient set is a portfolio with returns that are maximized for a given level of risk based on mean-variance portfolio construction.  ( 24 min )

Understand the benefits and the rules of converting your 401(k) to a Roth. You’ll owe taxes on the money now, but enjoy tax-free withdrawals later.  ( 23 min )

Rolling your 401(k) into an IRA when you switch jobs can offer you more investment options, lower investment fees, and greater control of your money.  ( 27 min )

Shares of Burlington Stores surged after posting stronger-than-expected earnings and comparable store sales, joining rival "off-price" retailers reporting inflation-weary shoppers are boosting business.  ( 17 min )

A mutual fund's dividends may include both stock dividends and bond interest. They can be reinvested or taken as income.  ( 26 min )

Overcontribution refers to any voluntary savings in a tax-deductible retirement plan that exceeds the maximum allowed contribution in a given period.  ( 24 min )

The world's largest crypto exchange, Binance, has been fined $4.3 billion and its CEO Changpeng Zhao has agreed to step down due to a lack of anti-money laundering compliance.  ( 18 min )

An inactivity fee is a sum charged to consumers who don't execute any transactions  ( 25 min )

A Roth 401(k) lets you save more for retirement now and take advantage of tax-free withdrawals later.  ( 27 min )

An overview of 10 of the biggest Real Estate Investment Trusts (REITs). They can be an attractive asset class because they offer hands-off access to the real estate sector. But they also come with risks.  ( 26 min )

Microsoft offered to hire any resigning employees of ChatGPT maker OpenAI after hiring former OpenAI CEO Sam Altman, amid a shortage of artificial intelligence talent.  ( 19 min )

If you're 45 to 54 years old, retirement planning is likely on your mind. Now is the time to kick your retirement savings into high gear.  ( 26 min )

Based on cost of living, tax burden, and average resident age, the Investopedia Retirement Index found that Tennessee is the most highly recommended state for retirement, followed by Florida and then Wyoming.  ( 28 min )

Ex-dividend is a classification in stock trading that indicates when a declared dividend belongs to the seller rather than the buyer.  ( 26 min )

Learn how to manage your finances so that making extra money actually equates to getting ahead.  ( 26 min )

U.S. equities lost ground at midday on Tuesday, Nov. 21, 2023 as several retailers warned about consumer demand heading into the key holiday shopping period.  ( 17 min )

After taking just a one-day pause, 30-year mortgage rates are back to moving in big swings, adding a bold 20 basis points Monday. Most other averages climbed as well.  ( 19 min )

A look at the average cost of winter holiday spending for an American this year, and the areas with the highest and lowest holiday sales in the past.  ( 25 min )

Use this checklist to determine IRA eligibility and contribution amounts and methods to grow your retirement account.  ( 25 min )

Best Buy shares fell after it missed revenue expectations and slashed its full-year guidance on a pullback in consumer spending.  ( 17 min )

It can be tough for freelancers to save for retirement, so here’s a step-by-step guide to setting up a retirement plan for the self-employed.  ( 30 min )

Lowe's missed quarterly sales estimates and cut its forecast as consumers pulled back on spending for DIY projects, sending shares lower.  ( 17 min )

Tax-advantaged refers to any type of investment, account, or plan that is either exempt from taxation, tax-deferred, or offers other types of tax benefits.  ( 25 min )

A Roth 401(k), unlike a traditional 401(k), allows for tax-free withdrawals in retirement.  ( 25 min )

In its second action against Kraken this year, the U.S. Securities and Exchange Commission sued the company for operating an unregistered securities exchange and allegedly mixing customer funds with its own.  ( 18 min )

High mortgage rates worsened the housing market’s gridlock in October, pushing the pace of home sales down to its lowest in more than a decade.  ( 18 min )

A flat tax system applies the same tax rate to all taxpayers regardless of their income bracket.  ( 24 min )

Applying for a golden visa, a type of residency-by-investment program, varies by country but typically includes a significant investment in real estate or government bonds followed by a vetting process and payment of fees. The reward is the ability to travel, live, and even obtain citizenship in the host country.  ( 30 min )

A Roth 401(k) is an employer-sponsored retirement savings account that is funded with post-tax money. Withdrawals in retirement are tax-free.  ( 30 min )

Individuals in a tight spot financially can turn to 401(k) loans, where they can borrow $50,000 or 50% of the total amount of the 401(k), whichever is greater.  ( 25 min )

Depending on your 401(k) plan, contributions may be matched by an employer in a number of ways.  ( 27 min )

Microsoft shares edged higher in pre-market trading after hitting a record high on Monday as OpenAI employees threatened to follow former OpenAI CEO Sam Altman to Microsoft, and Zoom reported better-than-expected earnings on improved growth from its larger customers. Here’s what investors need to know today.  ( 18 min )

An employee savings plan (ESP) is an employer-sponsored tax-deferred account, funded with contributions and typically used to save for retirement.  ( 25 min )

A SBO 401(k) is a tax-deferred, government-registered retirement savings plan for small business owners.  ( 23 min )

To lower your taxable income and tax bill, make sure that you're taking all of the exemptions that apply to you. They're found in federal, state, and local tax codes.  ( 26 min )

The vast majority of VMware shareholders (ticker: VMW) will get a windfall thanks to the run-up in Broadcom stock (AVGO) since the deal was announced.  ( 30 min )

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Today's best nationwide CD rates are 6.00% from SecurityPlus Federal Credit Union, 5.88% from West Town Bank & Trust, and 5.80% from Seattle Bank.  ( 21 min )

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Symbotic shares climbed over 40% Tuesday after the Walmart and Softbank-backed maker of AI-powered robotic warehouse systems reported record revenue as it improved margins and deployed new systems.  ( 19 min )

Since starting to climb in early 2022, CD rates have surged to record levels in every major term. But with more Fed hikes looking unlikely, will rates max out in November?  ( 21 min )

(Bloomberg) -- Nvidia Corp. investors gave a cool reaction to its latest quarterly report, which blew past average analysts’ estimates but failed to satisfy the loftier expectations of shareholders betting on an artificial intelligence boom.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnOpenAI in ‘Intense Discussions’ to Quell Potential MutinyBinance and CEO Plead Guilty, Agree to Pay Billions in FinesCitigroup Cuts Over 300 Senior Manager Roles in La  ( 35 min )

A $4.3 billion pact between Binance and US authorities represents the most high-profile crypto crackdown since the arrest of FTX founder Sam Bankman-Fried in 2022.  ( 38 min )

Nvidia's stock reached a record high ahead of the company's earnings report Tuesday after the bell.  ( 35 min )

OpenAI's board of directors has been under pressure following its decision to oust CEO Sam Altman from the artificial intelligence firm and is reportedly in talks to reinstate him.  ( 35 min )

Altria stock (NYSE:MO) boasts a hefty 9.6% dividend yield, making its investment appeal stronger than ever. Despite ever-persistent concerns surrounding the tobacco industry and rising interest rates, the U.S.-based tobacco giant consistently delivers solid results, sustaining its hefty dividend and its everlasting growth. In the meantime, the current near-record-high yield not only provides substantial returns but also establishes a considerable margin of safety. Hence, I am bullish on this sto  ( 36 min )

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A surefire bullish signal is flashing for SHOP  ( 34 min )

Existing home sales dropped 14.6% in October on a year-over-year basis—a new 13-year low.  ( 34 min )

Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.  ( 34 min )

(Bloomberg) -- Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao agreed to plead guilty to criminal and civil charges under a deal worked out with the Justice Department, according to the Wall Street Journal.Most Read from BloombergOpenAI in ‘Intense Discussions’ to Quell Potential MutinyCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ous  ( 33 min )

The former IBM CEO coined the term “new-collar jobs” a decade ago. Now she says skills-first is more apt—and it’s all the rage.  ( 36 min )

American entrepreneur and businessman Robert Kiyosaki is a vocal opponent of the Biden Administration’s policies. During an interview on the Finance with Sharan podcast, he said, “America is going to be the poorest country in the world, starting now.” Kiyosaki, the author of “Rich Dad Poor Dad,” did the podcast interview while he was in India for Growth Summit India 2023 in September. He explained his visit to Mumbai while on this trip, saying, “I always go to slums. So this time, I went to the  ( 35 min )

Based on cost of living, tax burden, and average resident age, the Investopedia Retirement Index found that Tennessee is the most highly recommended state for retirement, followed by Florida and then Wyoming.  ( 28 min )

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Shares of data analytics company Palantir Technologies fall in midday trade, a blip in what has otherwise been months of sharp share-price gains, after the company won a contract with Britain's National Health Service to build a data platform. The announcement of the seven-year, $414 million contra  ( 16 min )

Rents have risen to 26% of median US household income from 23%, while the ratio of mortgage payments to income has increased to 32% from 19%.  ( 35 min )

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A report says Jeff Bezos, Amazon's founder, could be selling more stock of the e-commerce and tech company.  ( 20 min )

Bank stocks are up more than 13% over the first 14 trading days in November, the best start to a month since February 2021. They could have some momentum behind them.  ( 25 min )

(Reuters) -Forbes' parent company has called off its acquisition by Luminar Technologies CEO Austin Russell, as the billionaire could not come up with the financing, an internal Forbes memo seen by Reuters on Tuesday showed. Earlier this year, the automotive technology executive had agreed to acquire 82% of Forbes in a deal valuing the business news publisher at nearly $800 million, including the remaining portion of the company owned by the Forbes family. Forbes Media CEO Mike Federle told staff the cancellation will not affect day-to-day operations and that the company will continue to "consider other opportunities," said the memo, which was first reported by The Information.  ( 34 min )

The chief executive of the largest global cryptocurrency exchange, plans to plead guilty to violating criminal U.S. anti-money-laundering requirements.  ( 31 min )

Charlie Munger is often hailed as the indispensable confidant to Warren Buffett, the legendary investor and chairman of Berkshire Hathaway Inc. Renowned for his wit and wisdom, Munger has become a well-known figure in the investing world. While some may simplify his role as Buffett’s sidekick, Munger’s influence and contributions to Berkshire’s success are undeniable, cementing his stature as a titan of finance in his own right. On a recent episode of the Acquired podcast, Munger shared his thou  ( 35 min )

There's been an ongoing debate about whether retirees should abandon the "4% rule" for withdrawals from retirement accounts, a retirement income rule of thumb for decades. The market volatility of recent years made that rule suspect for many new retirees, but a new study from Morningstar finds that the rule can still apply. Do you […] The post The 4% Rule for Retirement Withdrawals Might Finally Be Safe to Use Again, Says Morningstar appeared first on SmartReads by SmartAsset.  ( 35 min )

Michael Rothenberg's VC firm, Rothenberg Ventures, had around $50 million in assets under management when it collapsed in 2016.  ( 34 min )

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Data-analytics software company Palantir receives a share of a contract from England's National Health Service.  ( 23 min )

Investors have piled into more speculative investments amid increasing confidence the Federal Reserve is done hiking interest rates.  ( 36 min )

Chip maker Nvidia is set to report its latest quarterly results after the closing bell today. Here's what Wall Street analysts think of the widely h  ( 23 min )

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AI takes center stage ahead of Nvidia's quarterly report and as the OpenAI drama rolls on.  ( 40 min )

Ford will scale back the investment, capacity and the number of jobs planned for an electric vehicle (EV) battery plant in Michigan that has drawn fire from U.S. lawmakers for its use of technology supplied by Chinese battery maker CATL, the automaker said on Tuesday. Ford said it would restart construction of the factory near Marshall, Michigan, after being paused two months ago. The automaker plans to start producing low-cost lithium-iron batteries by 2026 based on technology licensed from CATL.  ( 34 min )

U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove buyers from the market. Existing home sales tumbled 4.1% last month to a seasonally adjusted annual rate of 3.79 million units, the lowest level since August 2010, the National Association of Realtors said on Tuesday. October's sales likely reflected contracts signed in the prior two months, when the average rate on the popular 30-year fixed-rate mortgage jumped to levels last seen in late 2000.  ( 34 min )

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Retailer Kohl's beats quarterly earnings estimates but falls short on sales.  ( 20 min )

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Tuesday, Wedbush analyst Dan Ives launched coverage of VinFast with a Buy rating and $12 price target.  ( 23 min )

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China’s State Administration for Market Regulation issued a statement granting the conditional approval Tuesday, VMware and Braodcom should complete their merger on Wednesday.  ( 26 min )

(Bloomberg) -- For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnMusk Defends Himself on X After Antisemi  ( 35 min )

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Broadcom said it plans to close its $69 billion deal for cloud computing firm VMWare on Wednesday. Broadcom added that it has now received all required regulatory approvals for the purchase after China's market regulator approved the acquisition with additional restrictive conditions earlier on Tuesday.  ( 33 min )

Sales of appliances, consumer electronics, computing and mobile phones all came in lower, but the company saw strength in its entertainment products.  ( 35 min )

Fisker announced chief accounting officer Florus Beuting resigned effective Nov. 14. He took the job Nov. 6. BofA Securities analyst John Murphy has put his rating "under review."  ( 23 min )

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(Bloomberg) -- Broadcom Inc.’s deal with software maker VMware Inc. has received a list of conditions it must meet to get approval from Chinese regulators, the final hurdle for the companies’ $61 billion merger. Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its O  ( 34 min )

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I am trying to decide if I should pay off my house worth about $750,000. I owe around $120,000 on an adjustable-rate mortgage (ARM). On the other hand, my 4.5% interest rate just ended and I know the interest will continue to rise in this economy. My mortgage is $1,450 per month, having risen $400 […] The post Ask an Advisor: I’m a Retired Teacher With a State Pension, Social Security and $550k in Savings. Should I Pay Off My $120k Mortgage? appeared first on SmartReads by SmartAsset.  ( 36 min )

AI takes center stage ahead of Nvidia's quarterly report and as the OpenAI drama rolls on.  ( 36 min )

AI takes center stage ahead of Nvidia's quarterly report and as the OpenAI drama rolls on.  ( 34 min )

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Slow home sales and high interest rates are hurting sales of home-improvement products. It's not good for Lowe's.  ( 26 min )

Apple CEO Tim Cook said he has a "very detailed" succession plan, a far cry from the turbulent handover at OpenAI following Sam Altman's departure.  ( 35 min )

The Chinese tech company reported third-quarter earnings of $2.86 a share on revenue of $4.8 billion.  ( 23 min )

Nvidia is scheduled to report earnings after the close of trading Tuesday, Microsoft stock closes at a record high, and same-store sales at Lowe's fall more than expected.  ( 25 min )

Beyond being merely a gripping HBO-worthy story, AI innovation has massive consequences — and is already the main thing responsible for 2023's stock market trajectory.  ( 36 min )

(Bloomberg) -- The biggest oil-storage hub in the US — a massive network of tank farms known as the “Pipeline Crossroads of the World” — is rapidly losing its primacy as a signal for domestic supply and demand.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its Own  ( 35 min )

Mining projects are being delayed after a plunge in prices for metals used in batteries.  ( 27 min )

Shares of Nvidia ticked higher in premarket trading Tuesday ahead of the chip maker’s quarterly results, set for release after the closing bell. Nvidia’s shares recently stood 0.2% higher. They have more than tripled so far in 2023, and closed Monday at at a record high of $504.09. The stock has b  ( 23 min )

The Chinese tech company’s third-quarter profit beat analyst expectations, as revenue rose thanks to growth in online-marketing services and streaming services.  ( 27 min )

(Bloomberg) -- Treasury investors are turning increasingly skeptical the Federal Reserve will deliver a soft landing for the US economy next year, elevating concern of a looming recession over the risks posed by inflation and a swelling budget deficit.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends We  ( 34 min )

(Bloomberg) -- Baidu Inc.’s results beat estimates after China’s internet search leader expanded into new businesses such as AI to shield itself from an economic downturn.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnTech Giants Roar as Nasdaq 100 Hits 22-  ( 35 min )

(Bloomberg) -- Chinese developers’ bonds and shares gained after authorities began drafting a list of 50 real estate firms that would be eligible for financing, the latest move by Beijing to support the embattled property sector.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama W  ( 35 min )

The US.-based asset manager told investors that Blackstone Diversified Multi-Strategy fund will close at the end of the year, the newspaper reported, citing Blackstone. Blackstone did not immediately respond to a Reuters request for comment.  ( 34 min )

The big question is what management will say about Nvidia's progress in alleviating supply constraints.  ( 21 min )

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(Bloomberg) -- Elon Musk’s X Corp., formerly known as Twitter, filed a lawsuit accusing Media Matters of “maliciously” trying to drive away advertisers from the social media platform by reporting that ads for Apple Inc., International Business Machines Corp. and Oracle Corp. were running next to pro-Nazi content.Most Read from BloombergThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAINearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitCitigroup Cuts Over 300  ( 34 min )

Fisker announced chief accounting officer Florus Beuting resigned effective Nov. 14. He took the job Nov. 6.  ( 21 min )

As EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars. The emerging trend may provide a glimmer of hope for global automakers such as Toyota and Honda who are pursuing "multi-pronged" electrification strategies, as electric vehicle (EV) sales lose momentum in Europe and the U.S., partly because of high auto financing costs. One-third of total vehicle sales by Toyota, the world's top-selling automaker, are already hybrids and the company reported a 34% surge in hybrid sales in the six months to end-September, outpacing 9% growth in overall revenue.  ( 37 min )

The S&P 500 lost 0.2% on Tuesday, Nov. 21, 2023, after several retailers warned that consumers are spending less.  ( 1 min )

U.S. equities lost ground at midday on Tuesday, Nov. 21, 2023 as several retailers warned about consumer demand heading into the key holiday shopping period.  ( 1 min )

Stock futures fell in premarket trading Tuesday on a slew of weak earnings reports from retailers and ahead of results after the bell from generative AI winner Nvidia.  ( 1 min )

Microsoft shares edged higher in pre-market trading after hitting a record high on Monday as OpenAI employees threatened to follow former OpenAI CEO Sam Altman to Microsoft, and Zoom reported better-than-expected earnings on improved growth from its larger customers. Here’s what investors need to know today.  ( 1 min )

Ford is cutting back on its production plans for a Michigan battery plant as electric vehicle (EV) demand wanes.  ( 1 min )

Symbotic shares climbed over 40% Tuesday after the Walmart and Softbank-backed maker of AI-powered robotic warehouse systems reported record revenue as it improved margins and deployed new systems.  ( 1 min )

De huizenprijzen zijn al negen maanden op rij lager dan een jaar eerder, maar het verschil wordt telkens kleiner. Bovendien zitten de prijzen ten opzichte van de zomer alweer in de lift. Ook neemt het aantal woningverkopen weer toe.  ( 9 min )

We winkelen online, we doen onze bankzaken via een smartphone en gebruiken het internet om te daten. Waarom stemmen we dan eigenlijk nog steeds ouderwets met het rode potlood?  ( 11 min )

Het private-equitybedrijf van Kim Kardashian heeft zijn eerste investering aangekondigd. De realityster gaat investeren in een bedrijf dat truffelsauzen maakt. Goedkoop is zo'n saus niet: voor een fles betaal je zo'n 20 dollar (ongeveer 18 euro).  ( 8 min )

Twee farmaceutische bedrijven zijn in een strijd verwikkeld over de methode die ze hebben gebruikt om coronavaccins te ontwikkelen. Moderna claimt het patent te hebben op de zogeheten mRNA-techniek. BioNTech bestrijdt dat en heeft dinsdag gelijk gekregen van het Europees Octrooibureau.  ( 9 min )

Het hulpgeld van de Europese Unie voor de Palestijnen is niet in verkeerde handen gevallen. Dat laat de Europese Commissie weten na eigen onderzoek.  ( 8 min )

Europese autoriteiten zijn binnengevallen bij enkele maaltijd- en boodschappenbezorgers. Het gaat om invallen in twee EU-landen. Om welke landen het gaat, is niet duidelijk.  ( 9 min )

Het Nederlandse e-bikemerk Qwic is failliet verklaard door de rechtbank Amsterdam. Het was al enkele dagen duidelijk dat de fietsenfabrikant in financiële problemen zat, want vorige week vroeg het bedrijf uitstel van betaling aan. Daarop volgt vaak een faillissement.  ( 9 min )

Een deel van de ontvangers van een Wajong-uitkering hoeft dit en volgend jaar toch geen gemeentelijke en waterschapsbelasting te betalen.  ( 8 min )

Socialemediaplatform X heeft maandag de Amerikaanse onderzoeksgroep Media Matters aangeklaagd. De groep onthulde dat het platform advertenties toestaat bij antisemitische berichten. Bedrijven als Apple, Disney en IBM besloten daarop hun reclames op X op te schorten.  ( 3 min )

Bij de aanschaf van nieuwe auto's genieten elektrische en hybride auto's de voorkeur. Slechts 30 procent van de in oktober nieuw geregistreerde auto's in Nederland rijdt op benzine of diesel. In de hele Europese Unie is dat aandeel nog 45 procent.  ( 9 min )

Gesnotter en gehoest heeft in oktober tot meer ziekmeldingen dan in september geleid. Arbodienstverleners ArboNed en HumanCapitalCare verwachten dat de impact van de griep nog verder toeneemt.  ( 9 min )

Het werk in de zorgsector wordt steeds vaker gedaan door zelfstandigen. Met name onder verloskundigen, huisartsen en fysiotherapeuten werken velen als ondernemer. Vorig jaar waren 178.000 mensen in de zorg eigen baas. In 2021 waren dat er nog 156.000.  ( 10 min )

Brancheorganisatie Jeugdzorg Nederland en vakbonden FNV, CNV en FBZ hebben een onderhandelaarsakkoord over een nieuwe cao bereikt. Medewerkers krijgen in 2024 9,25 procent meer loon. Ook stijgen de lonen in 2025 met 3 procent en wordt er inflatiecompensatie toegepast.  ( 9 min )

Brancheorganisatie Jeugdzorg Nederland en vakbonden FNV, CNV en FBZ hebben een onderhandelaarsakkoord over een nieuwe cao bereikt. Medewerkers krijgen in 2024 9,25 procent meer loon. Ook stijgen de lonen in 2025 met 3 procent en wordt er inflatiecompensatie toegepast.  ( 8 min )

De gevolgen van klimaatverandering kunnen de waarde van Nederlandse huizen in de toekomst flink drukken. Het gaat onder meer om schade door overstromingen en droogte, zegt dataverzamelaar Calcasa.  ( 9 min )

(Reuters) -Social media company X on Monday sued media watchdog group Media Matters, alleging the organization defamed the platform after it published a report that said ads for major brands had appeared next to posts touting Adolf Hitler and the Nazi party. X, formerly Twitter, has faced growing outrage since Media Matters published the report on Thursday, which led IBM, Comcast and several other advertisers to pull ads from the platform in response.  ( 35 min )

Today's best nationwide CD rates are 6.00% from SecurityPlus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.  ( 21 min )

Satya Nadella's midnight hiring of Sam Altman and Greg Brockman was a shrewd move for Microsoft, but unless Altman returns to OpenAI, the startup's other VC investors will be left with an empty shell.  ( 34 min )

The global shift toward sustainable energy solutions is driving the adoption of electric vehicles (EVs). While Tesla (NASDAQ:TSLA) has long been the market leader, as the EV market expands, many new players have emerged. We’ll use TipRanks’ stock comparison tool to discuss why Wall Street is more bullish on rising EV stars Blink Charging (NASDAQ:BLNK) and ChargePoint Holdings (NYSE:CHPT) than they are on Tesla. I, too, am optimistic about the near-term prospects of both BLNK and CHPT. While Tesl  ( 38 min )

With odds now slim for more Fed rate hikes, the best CD rates have begun slipping. So it's a smart time to snag one of today's historically high returns while you can.  ( 20 min )

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Everyone knows that Big Tech has been the big leader in the market’s advance this year. A look at the market indexes will bear this out: the Dow has risen by 6% year-to-date, the S&P 500 by 18%, while the tech-heavy NASDAQ boasts an impressive 36% gain. What this means for investors, however, has been a subject of lively debate. Chiming in from Bank of America, head of US equity strategy Savita Subramanian is urging investors not to worry so much about that narrow focus. In her view, big tech st  ( 38 min )

Investors are betting that Paramount is exploring more M&A.  ( 36 min )

Nvidia's stock reached a record high ahead of the company's earnings report, set for release on Tuesday after the bell.  ( 36 min )

Citigroup was sued on Monday by a managing director who said a former top equities banker subjected her to sexual harassment and abuse including death threats. Ardith Lindsey said the New York-based bank, her employer since 2007, downplayed her complaints about Mani Singh, who had been its North America Markets head of cash equity execution services before he resigned last November. Lindsey also accused Citigroup of tolerating a "notoriously hostile" environment in its equities division.  ( 35 min )

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The dollar weakened for a third straight session amid signs of a cooling economy.  ( 26 min )

Tesla CEO Elon Musk defended himself against charges he is antisemitic over the weekend.  ( 29 min )

Software company C3.ai cut jobs last week, citing employee performance and the need for cost savings, Bloomberg News reported on Monday. The software company had 914 full-time employees, with 746 based in the United States and 168 in its international locations, as of April 30, according to a regulatory filing.  ( 34 min )

Warren Buffett expects economic trouble, so he's keeping an unprecedented amount of powder dry for when bargains and deals emerge, Steve Hanke says.  ( 34 min )

OpenAI's boardroom decision has left investors and Silicon Valley stunned.  ( 37 min )

“The evolution of the U.S. housing market has been Herculean or devastating depending on where you look,” the strategists wrote in their forecast.  ( 36 min )

An entire stock sector may experience a significant decline in value at certain points during market cycles. But as the sector begins to rebound, some of the worst performers may outperform the rest of the group. This trend has borne out in recent weeks as real estate investment trusts (REITs) have bounced off their lows and have been performing exceptionally well. When stocks as a group move higher, lower-priced stocks will often make the biggest percentage gains. One reason is that it's easier  ( 37 min )

It’s easy to respect technology stalwart Intel (NASDAQ:INTC) but difficult to truly get on board with the stock. After all, its rivals like Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) have pressured or dominated Intel in key markets. However, those thinking about shorting its shares should think again, mainly due to bullish options activity. Tactically, I am bullish on INTC stock. Positive Q3 Underlines the Fundamental Case for INTC Stock To be clear, while the main bullish cata  ( 36 min )

The resignation marks the latest setback for a company that only recently started selling its first model.  ( 28 min )

By hiring Sam Altman and Greg Brockman to a new in-house advanced AI research team, Microsoft flipped the script in the OpenAI debacle.  ( 35 min )

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Expect Brent crude prices to stay relatively flat next year before falling in 2025, say JPMorgan analysts.  ( 37 min )

The Tesla CEO defended himself against charges he is antisemitic over the weekend.  ( 28 min )

Richards, who has more than 30 years of experience in asset management, led M&G Investments before joining Fidelity as chief executive officer in 2018, replacing Brian Conroy. During her term as CEO, assets managed by Fidelity grew significantly, to $714.3 billion.  ( 33 min )

Capping off a week of wild swings, mortgage rates held mostly steady Friday, keeping the 30-year average near its lowest point since in more than 2 months.  ( 20 min )

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A lot of people stand to lose a lot of money if OpenAI tries to forge on without Sam Altman.  ( 35 min )

It's often difficult for investors to find stocks that provide both appreciation and a high-yielding dividend. Often, the only reason for a high-yielding dividend is that the stock has declined significantly in share price. But what if there was a stock that not only boasted a high-yielding dividend but also outperformed all of its peers over the past 52 weeks, achieving significant gains and distributing a monthly dividend? Take a look at one real estate investment trust (REIT) that has crushed  ( 36 min )

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(Bloomberg) -- Hundreds of OpenAI employees have threatened to resign and follow ousted leader Sam Altman to Microsoft Corp. unless the current board resigns, following its poorly handled firing of the chief executive officer on Friday.Most Read from BloombergMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI’s Murati Aims to Re-Hire Altman, Broc  ( 35 min )

After weekend of drama, Microsoft now has two of the biggest names in AI working directly for their company.  ( 36 min )

Saving for retirement is a fundamental part of financial planning, where starting early can significantly enhance the growth potential of your savings. While a common guideline suggests saving 10% to 15% of your annual income, individual needs vary. For those aiming to boost their retirement funds significantly, converting $100,000 into $1 million is a challenge but achievable with a well-devised investment strategy and a long-term perspective. The National Study of Millionaires reveals that 75%  ( 35 min )

(Bloomberg) -- The lending arm of Toyota Motor Corp. will pay $60 million to settle allegations by a US regulator that it misled customers into buying extra products that boosted their payments and then gave them a runaround when they tried to cancel.Most Read from BloombergThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama With Coup of Its OwnCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringNearly All of OpenAI Staff Threaten  ( 35 min )

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The country's third-largest bank begins a new round of job cuts Monday, punctuating a challenging year for Wall Street.  ( 36 min )

Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 36 min )

But Latin America’s third-largest economy is broke and lacks funds to swap the nearly worthless peso for the greenback  ( 30 min )

Argentina's U.S.-listed companies are enjoying a moment in the sun. Shares in at least four Argentinian companies jumped Monday after the election victory Sunday by Javier M  ( 24 min )

Microsoft has hired Sam Altman, stopping one of the biggest names in artificial intelligence from joining a rival.  ( 24 min )

The week is off to an ugly start for some pharmaceutical investors. Bayer said it is halting a trial for asundexian, an experimental cardiovascular drug, due to a lack of efficacy in tre  ( 23 min )

Microsoft has moved fast to contain the OpenAI fallout. However, Google, Amazon and Nvidia could all seek to take advantage in their own ways.  ( 27 min )

The Consumer Financial Protection Bureau on Monday said Toyota Motor Credit will pay a $12 million civil fine, and $48 million to harmed consumers. Toyota Motor Credit provides financing for people who buy vehicles at Toyota dealerships. According to the CFPB, thousands of consumers complained to Toyota Motor Credit that dealers lied about whether these products were mandatory, or rushed the paperwork so they wouldn't realize how much they were paying.  ( 34 min )

OpenAI gave investors a single minute's advance warning that it was firing co-founder Sam Altman, and now as it goes through three CEOs in four days, and maybe the board of directors too, Microsoft is snapping up everyone it can.  ( 37 min )

Citigroup moved ahead with the next layer of changes across its businesses and functions, a move to reorganize it said would involve difficult and consequential decisions.  ( 27 min )

Deutsche Bank analyst Scott Deuschle upgraded Boeing stock to Buy from Hold. His price target went to $270 from $204, about 30% above recent trading levels.  ( 22 min )

Regardless of any individual’s feelings about the transition from fossil fuels to renewable energy sources, there’s no doubt that it is happening. Our society has come to the conclusion that fossil fuels are too dirty for continued long-term, large-scale use, and that something will have to replace them. There are plenty of contenders for the role, and prominent among them are renewable power sources such as solar and wind energy. Both of these sources find support from social pressures, which t  ( 37 min )

Long-term care insurance is an important way to mitigate risk in retirement. Unexpected health issues and the related costs can take over a retiree’s financial life if they don’t have a plan to pay for costs of care. The cost of such a policy will depend on a handful of factors – including your age […] The post I Was Quoted $2,000 Per Year for Long-Term Care Insurance. Is That Too Much? appeared first on SmartReads by SmartAsset.  ( 35 min )

Bitcoin and other cryptocurrencies rose Monday amid continued optimism over the approval of exchange-traded funds.  ( 22 min )

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Signals are finally getting stronger for the global smartphone market. Chinese handset makers like Huawei, which had been locked out of the race by U.S. sanctions, are dialing back in.  ( 27 min )

Nvidia shares have been flying higher ahead of the company's earnings, which are due Tuesday. One clue from the options market indicates investors aren't quite as euphoric as they were a few months ago. Betting on a disappointing result will cost investors a bit extra in the options market this  ( 23 min )

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The chief executive of NRG Energy has left the company and will be replaced by the board’s chairman while it searches for a permanent successor.  ( 26 min )

Milton Friedman was not renowned for being soft and cuddly. The father of monetarist economics inspired tough central bank crackdowns on inflation that triggered recessions and provided the intellectual ballast for Margaret Thatcher, the Iron Lady.  ( 38 min )

As the holiday-shortened week begins, focus has shifted to weighing when the Federal Reserve could start cutting rates.  ( 37 min )

As the holiday-shortened week begins, focus has shifted to weighing when the Federal Reserve could start cutting rates.  ( 35 min )

As the holiday-shortened week begins, focus has shifted to weighing when the Federal Reserve could start cutting rates.  ( 35 min )

Deutsche Bank analyst Scott Deuschle upgraded Boeing stock to Buy from Hold. His price target went to $270 from $204, about 30% above recent trading levels.  ( 22 min )

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I am feeling hopeless. I am 60 years old and have only $15,000 saved. I will get a 80% pension from the state of Massachusetts and be able to retire in three years. What can I possibly do to increase my savings now? – Joy There's no question that $15,000 is a small amount of […] The post Ask an Advisor: I’m 60 and ‘Feeling Hopeless’ With Just $15k Saved. What Can I Do Now to Increase My Retirement Savings? appeared first on SmartReads by SmartAsset.  ( 36 min )

(Bloomberg) -- OpenAI co-founder Sam Altman is joining Microsoft Corp. to lead its AI effort after the board replaced him with Twitch’s ex-CEO, a stunning reversal for the widely respected tech-evangelist who helped jumpstart the artificial intelligence boom.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Board Urged by Microsoft, Investors to Restore AltmanOpenAI’s Murati Aims  ( 37 min )

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GM’s Cruise CEO resigns amid safety concerns, investors will eye Fed minutes for signs of rate cuts, and other news to start your day.  ( 39 min )

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Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the matter. Executives are also likely to announce senior management changes by email, the source said. Citigroup declined to comment.  ( 34 min )

Artificial intelligence chip leader Nvidia will likely deliver yet another blockbuster revenue forecast on Tuesday. The results will also be a major test for the AI-powered rally that has helped drive up the U.S. stock market this year, with the Philadelphia semiconductor index up nearly 50% in 2023. "There is an underlying assumption that Nvidia has total market dominance ... so anything that affects that perception, whether it be because of the business performance or because of risks to certain markets, that is going to temper enthusiasm," Capital.com analyst Kyle Rodda said.  ( 35 min )

Can these well-known companies be the market darlings of 2024?  ( 37 min )

(Bloomberg) -- It’s touted as crypto’s big breakthrough on Wall Street: The imminent arrival of Bitcoin exchange-traded funds that will kick open digital-currency investing to the institutional and retail masses. Most Read from BloombergThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Taps ex-Twitch CEO to Lead as Altman Joins MicrosoftOpenAI’s Murati Aims to Re-Hire Altman, Brockman After ExitsOpenAI  ( 36 min )

President-elect Javier Milei faces runaway inflation and empty coffers after decades of economic mismanagement.  ( 28 min )

Expectations for the chip maker’s earnings report due Tuesday are sky high. Nvidia’s earnings beat Wall Street expectations in 19 of the last 20 quarters..  ( 30 min )

Sam Altman, the ousted chief executive at OpenAI, will be joining Microsoft to lead a new advanced AI research team, the CEO of GM's Cruise self-driving technology and taxi business resigns, and Zoom Video reports quarterly earnings Monday.  ( 22 min )

How much is Sam Altman worth? Quite a bit judging by Microsoft's stock price. Shares in the tech colossus rose more than 2% Monday in offhours trading after [it hired the artificial-intelligence expert](https://www.wsj.com/tech/ai/openai-leadership-hangs-in-balance-as-sam-altmans-counte-rebellion-g  ( 22 min )

(Bloomberg) -- OpenAI’s board hired Emmett Shear, formerly of Twitch, as chief executive officer, defying calls from investors to reinstate the ousted Sam Altman, according to people familiar with the matter. Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIAltman Sought Billions For Chip Venture Before OpenAI OusterArgentina  ( 33 min )

(Bloomberg) -- Shares of China’s small and medium-sized companies are poised to enter a bull market, defying a broader slump in local equities.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Board Urged by Microsoft, Investors to Restore AltmanOpenAI’s Murati Aims to Re-Hire Altman, Brockman After ExitsAltman Sought Billions For Chip Venture Before OpenAI OusterThe Beijing Stoc  ( 33 min )

Microsoft CEO Satya Nadella on Monday said that ousted OpenAI CEO Sam Altman and Greg Brockman will be joining Microsoft to lead a new advanced AI research team. Nadella also appeared to confirm Emmett Shear's reported appointment as the new OpenAI CEO, saying they are "looking forward to getting to know Emmett Shear and OAI's new leadership team and working with them."  ( 33 min )

Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the matter. The job cuts could affect thousands of staff, according to a source familiar with the situation who was not authorized to speak publicly. Executives are also likely to announce senior management changes by email, the source said.  ( 34 min )

Capping off a tumultuous weekend at OpenAI that culminated in investors -- and a contingent of employees -- attempting to convince the company's board to hire back former Y Combinator president Sam Altman after firing him on Friday, Altman won't be returning as CEO, according to a report in The Information. Citing an internal memo sent by Ilya Sutskever, board director and one of OpenAI's co-founder, Altman has decided to walk away from negotiations -- at least for the time being. As the search for a new permanent CEO continues, OpenAI has appointed Emmett Shear, the co-founder of video streaming site Twitch, as interim CEO -- replacing Mira Murati, who held the position for only two days.  ( 34 min )

(Bloomberg) -- Healthy companies led by competent, commercially successful and globally beloved founders generally don’t tend to fire them. And, as Sam Altman walked on stage in San Francisco on Nov. 6, all those things could have described his role at OpenAI.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billi  ( 41 min )

Weight loss was the talk of this earnings season, making names such as Wegovy, Ozempic and Mounjaro the water-cooler discussion that companies across the globe could not ignore. A Reuters analysis of earnings transcripts for the third quarter showed "GLP-1" or alternatives like "obesity" or "weight-loss medications" were mentioned 256 times across 29 U.S. and European healthcare and consumer companies. "It's definitely a hot topic," said Jeff Jonas, portfolio manager at Gabelli Funds.  ( 35 min )

Despite recent declines, SoFi stock stock is having a stellar year.  ( 34 min )

Sam Altman’s bid to return to OpenAI after being ousted Friday faltered late Sunday, as the board that fired him opted not to agree to proposed terms of his reinstatement.  ( 33 min )

Asian shares were higher Monday after Wall Street closed its third straight winning week with a tiny gain. U.S. futures were lower while oil prices gained as investors looking ahead to OPEC plus meetings.  ( 36 min )

Shares of Foxtron Vehicle Technologies, a unit of iPhone supplier Foxconn, fell as much as 9% in their market debut on Monday, hurt concerns over potential headwinds in the highly competitive electric vehicle market. In addition to inflation and high interest rates which have raised the cost of buying a car, EV makers are also grappling with supply-chain bottlenecks and pricing pressure from the likes of Tesla, which led EV price cuts this year. Tesla CEO Elon Musk last month raised concerns about expanding factory capacity until interest rates ease, echoing similar notes of caution from General Motors and Ford.  ( 34 min )

Bitcoin enthusiasts eagerly awaiting the green light for a Bitcoin exchange-traded fund (ETF) will need to be patient.  ( 33 min )

(Bloomberg) -- OpenAI’s interim Chief Executive Officer Mira Murati plans to re-hire her ousted predecessor Sam Altman and former President Greg Brockman in a capacity that has yet to be finalized, according to people with direct knowledge of the matter.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sa  ( 34 min )

(Bloomberg) -- Elon Musk railed against “bogus” media reports accusing him of antisemitism, issuing his strongest response yet after endorsing antisemitic content in a post on X that provoked outrage and alienated advertisers like Apple Inc.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sam Altman's Sh  ( 34 min )

(Bloomberg) -- Stocks rose in Asia following gains on Wall Street amid optimism the Federal Reserve is about to end its tightening cycle. Japan’s Nikkei 225 Stock Average climbed to a fresh 33-year high.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAISpaceX Starship  ( 36 min )

BUENOS AIRES/LONDON (Reuters) -Far-right libertarian Javier Milei's strong win in Argentina's presidential election could boost bonds and equities but put downward pressure on the peso currency, investors said on Monday. The outsider radical, who has pledged to "burn down" the central bank and dollarize the economy, beat Peronist economy chief Sergio Massa in Sunday's vote, though he struck a measured tone in his first speech as president-elect. JPMorgan's Diego W. Pereira said in a note to clients late on Sunday that it would not change its recommendation on Argentina's international bonds from its measured "market weight" stance.  ( 34 min )

You need to earn income to contribute to a Roth IRA. However, married couples can use a spousal Roth IRA to fund two accounts, even if just one spouse earns income.  ( 28 min )

(Bloomberg) -- Argentina investors cheered libertarian economist Javier Milei’s bigger-than-expected win in Sunday’s presidential vote and his pledges to usher in a radical remake of South America’s second-largest economy.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterThe Doomed Mission Behind Sam Altman's Shock Ouster From Ope  ( 35 min )

Hong Kong stocks moved higher in early trading, with investors looking ahead to fresh tech earnings while shaking off some disappointment over Alibaba’s quashed spinoff.  ( 25 min )

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With the shift away from pensions, workers are becoming more responsible for their own retirement needs. Unfortunately, many are falling short.  ( 26 min )

(Bloomberg) -- The shocking decision by Alibaba Group Holding Ltd. to cancel the spinoff of its cloud division is offering a fresh reason for investors to sell China tech stocks in an earnings season yielding mixed results.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterSpaceX Starship Explodes Though Craft Reached New Milestone  ( 36 min )

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Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Mid-East supply disruption brought about by the Israel-Hamas conflict. Brent crude futures climbed 11 cents, or 0.1%, to $80.72 a barrel by 0012 GMT while U.S. West Texas Intermediate crude was at $75.97 a barrel, up 8 cents. Both contracts settled 4% higher on Friday after three OPEC+ sources told Reuters that the producer group, made up of the Organization of the Petroleum Exporting Countries and their allies including Russia, is set to consider whether to make additional oil supply cuts when it meets on Nov. 26.  ( 34 min )

(Bloomberg) -- Healthy companies led by competent, commercially successful and globally beloved founders generally don’t tend to fire them. And, as Sam Altman walked on stage in San Francisco on Nov 6., all those things could have described his role at OpenAI.Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterOpenAI Negotiations to Reinstate Altman Snag Over Board RoleSpaceX Starship Explodes Though Craf  ( 41 min )

The S&P 500 gained 0.7% on Monday, Nov. 20, 2023, adding to last week's gains amid optimism that slowing inflation will keep the Fed from raising interest rates.  ( 1 min )

Long-term Treasurys rallied on Monday after a promising $16 billion 20-year Treasury auction, an event investors have generally overlooked but have started to closely monitor in recent months amid surging Treasury yields.  ( 1 min )

U.S. equities began the holiday-shortened trading week higher at midday on Monday, Nov. 20, 2023 after optimism about slowing inflation buoyed markets last week.  ( 1 min )

Stock futures were mixed in premarket trading Monday after notching their third straight week of gains amid tamer inflation reports and optimism that interest rate hikes are in the rearview mirror.  ( 1 min )

The 2023 MFS Asset Allocation Survey showed about half of investment professionals expect an economic contraction over the next year and have raised the duration of their bond holdings.  ( 1 min )

A combination of weak mergers-and-acquisition deals, fund outflows in many areas, and increased costs could depress bonuses across much of the Street.  ( 1 min )

Microsoft hired Sam Altman after he was ousted by OpenAI and Cruise CEO Kyle Vogt resigned following a safety review. Here’s what investors need to know today.  ( 1 min )

Consider the pros and cons of using tax software versus an accountant when filing tax returns.  ( 23 min )

Today's best nationwide CD rates are 6.00% from SecurityPlus Federal Credit Union and 5.80% from Seattle Bank, with a top rate of 5.85% available on the leading jumbo CD.  ( 19 min )

With odds now slim for more Fed rate hikes, the best CD rates have begun slipping. So it's a smart time to snag one of today's historically high returns while you can.  ( 18 min )

The S&P 500 gained 0.7% on Monday, Nov. 20, 2023, adding to last week's gains amid optimism that slowing inflation will keep the Fed from raising interest rates.  ( 17 min )

Find out how short sellers provide a service to the market by acting as a check against overvalued companies and exposing unethical practices.  ( 29 min )

Learn how a 401(k) works, about 401(k) benefits, and what is a Roth 401(k).  ( 29 min )

Short sellers enable the markets to function smoothly by providing liquidity and also serve as a restraining influence on investors’ over-exuberance.  ( 28 min )

Argentina President-elect Javier Milei has promised to close the Central Bank of Argentina and embrace the U.S. dollar.  ( 19 min )

If you discover that you've contributed too much money to your Roth IRA for the year, there are ways to fix the problem and avoid tax penalties.  ( 26 min )

Amazon launched an artificial intelligence training program to help workers develop key skills as companies grapple with an AI talent shortage.  ( 17 min )

PENN Entertainment received a ratings upgrade and higher price target from Bank of America on the popularity of its new ESPN Bet app.  ( 17 min )

Microsoft shares surged to an all-time high Monday after hiring Sam Altman, the former CEO of ChatGPT maker OpenAI, to lead a new artificial intelligence team.  ( 17 min )

Toyota's U.S. financing arm was fined $60 million by regulators who said the lender illegally kept consumers from canceling loan bundles that raised the cost of their monthly payments.  ( 17 min )

Long-term Treasurys rallied on Monday after a promising $16 billion 20-year Treasury auction, an event investors have generally overlooked but have started to closely monitor in recent months amid surging Treasury yields.  ( 18 min )

Short selling occurs when an investor borrows a security, sells it on the open market, and expects to buy it back later for less money.  ( 37 min )

One of Spain's largest labor unions has called on 20,000 delivery and warehouse workers to participate in a "symbolic" strike on one of the biggest retail days of the fourth quarter.  ( 18 min )

In its features and benefits, a SIMPLE 401(k) plan is a cross between a SIMPLE IRA and a traditional 401(k) plan.  ( 26 min )

Form 1120-S: U.S. Income Tax Return for an S Corporation is used to report the income, losses, and dividends of S corporation shareholders.  ( 25 min )

Understand how the process of short selling allows a person to sell a stock without technically owning it.  ( 25 min )

An individual retirement annuity is an investment vehicle—similar to an individual retirement account—that is offered by insurance companies.  ( 24 min )

It’s a big shakeup for General Motors’ self-driving taxi unit, Cruise. Co-founder and CEO Kyle Vogt announced he was stepping down over the weekend  ( 18 min )

If you received unemployment compensation or a tax refund, you might get Form 1099-G. Find out what it is, why you received one, and more.  ( 27 min )

Blue lobsters are a sight to see, but how easy is it to get your hands on one, and how much do they cost?  ( 23 min )

The top ETFs of 2023 include XLC, IGM, XLK, IGV, and SCHG.  ( 20 min )

U.S. equities began the holiday-shortened trading week higher at midday on Monday, Nov. 20, 2023 after optimism about slowing inflation buoyed markets last week.  ( 17 min )

Capping off a week of wild swings, mortgage rates held mostly steady Friday, keeping the 30-year average near its lowest point since in more than 2 months.  ( 19 min )

Bristol-Myers Squibb and 2seventy bio shares dropped after the FDA said it would not make a decision on expanded use of the companies' cancer drug next month.  ( 17 min )

You can take money out of a Roth IRA, but learn when and how to do so to avoid any taxes and penalties. Read on to learn about Roth IRA withdrawal rules.  ( 32 min )

Equity and debt investments offer two different ways for investors take part in real estate crowdfunding.  ( 25 min )

A Roth IRA is a retirement plan that comes with many benefits. Learn how to open a Roth IRA in a few steps.  ( 33 min )

Claudia Goldin, an American economic historian and labor economist, is the 2023 recipient of the Nobel Memorial Prize in Economic Sciences. The third woman to be awarded the prize, and the first woman to have won it solo, her work focuses on the history of women's participation in the American labor market.  ( 25 min )

Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 36 min )

Certificates of deposit (CDs) are a good option for conservative investing. Learn about KeyBank’s CDs and rates to see if they’re right for your financial goals.  ( 24 min )

Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.  ( 23 min )

Microsoft hired Sam Altman as head of a new artificial intelligence research team after he was fired as CEO of OpenAI.  ( 17 min )

The 2023 MFS Asset Allocation Survey showed about half of investment professionals expect an economic contraction over the next year and have raised the duration of their bond holdings.  ( 18 min )

Thanksgiving Week will bring more earnings reports from retail companies, minutes from the FOMC meeting, and Black Friday sales events.  ( 22 min )

Curry was the eighth highest-paid athlete in the world in 2023, but he makes millions off the court, too.  ( 19 min )

A combination of weak mergers-and-acquisition deals, fund outflows in many areas, and increased costs could depress bonuses across much of the Street.  ( 17 min )

Microsoft hired Sam Altman after he was ousted by OpenAI and Cruise CEO Kyle Vogt resigned following a safety review. Here’s what investors need to know today.  ( 18 min )

A lottery is a low-odds game of chance or process in which winners are decided by a random drawing.  ( 24 min )

Opening your first IRA should be just an early step in your ongoing financial education. But the more help you need, the higher fees you're likely to pay.  ( 25 min )

Why catch-up contributions aren't part of Actual Deferral Percentage testing and how the IRS levels the playing field via non-discrimination tests.  ( 20 min )

Roth IRAs boast big tax perks. Learn how they work so you can take full advantage of them.  ( 27 min )

You need to earn income to contribute to a Roth IRA. However, married couples can use a spousal Roth IRA to fund two accounts, even if just one spouse earns income.  ( 28 min )

Defined-benefit plans are a thing of the past for most private-sector workers, but there are other ways to shore up your retirement.  ( 24 min )

Find out if cash balance pensions are the right solution for your small business.  ( 23 min )

Getting married has many financial positives (and a few negatives) but recent changes in the federal tax code have removed much of the downside.  ( 30 min )

Focusing only on pay when job hunting may be a mistake. Find out which benefits have the highest payoff in the long run.  ( 25 min )

With the shift away from pensions, workers are becoming more responsible for their own retirement needs. Unfortunately, many are falling short.  ( 26 min )

When looking through fund options for your Roth IRA with Edward Jones, VTI and SPAB can provide a solid starting point.  ( 25 min )

You are probably paying off your student loans and retirement is 40 years away. Shouldn't you focus on eliminating debt and, maybe, saving for a home?  ( 30 min )

Some relatively painless moves allow you to save money, and the payoff can grow to thousands of dollars if the savings are invested over decades.  ( 31 min )

People of any age can fund a Roth IRA if their earned income covers the contributions. Teens can earn decades of compound interest by investing early.  ( 26 min )

Landen moeten meer klimaatactie ondernemen om te voorkomen dat de aarde deze eeuw met bijna 3 graden opwarmt. Dat concludeert de klimaatafdeling van de Verenigde Naties in een nieuw rapport. De gevolgen van zo'n opwarming zijn niet mals.  ( 12 min )

Het kabinetsplan om verkeersboetes te verhogen stuit op weerstand van de Raad van State. De boetes voor lichte vergrijpen gaan omhoog om gaten in de begroting te dichten, maar dat vindt het adviesorgaan geen goede reden.  ( 9 min )

Europese bedrijven kunnen langer rekenen op staatssteun voor de energiekosten. De Europese Commissie kondigde maandag aan dat een aantal versoepelingen in de regels langer van kracht blijven, zodat EU-landen hun "vangnet" de komende winter nog in stand kunnen houden.  ( 8 min )

Automobilisten en motorrijders betalen vanaf 1 januari 2025 geen tol meer als ze door de Westerscheldetunnel rijden. Demissionair minister Mark Harbers (Verkeer en Waterstaat) en de Zeeuwse gedeputeerde Harry van der Maas ondertekenden maandag een overeenkomst daarover.  ( 9 min )

De rentes voor hypotheken zitten al enkele weken in een dalende lijn. Vooral mensen die hun rente wat minder lang willen vastzetten, zijn nu minder duur uit. Dat blijkt uit cijfers van adviesbureaus Van Bruggen en De Hypotheekshop.  ( 9 min )

Het was een wild weekend bij OpenAI, het bedrijf achter de succesvolle AI-chatbot ChatGPT. Vrijdag werd directeur en medeoprichter Sam Altman ontslagen. Na een chaotisch weekend gaat Altman nu aan de slag bij Microsoft. Maar hoe gaat OpenAI verder?  ( 11 min )

Het was een wild weekend bij OpenAI, het bedrijf achter de succesvolle AI-chatbot ChatGPT. Vrijdag werd directeur en medeoprichter Sam Altman ontslagen. Na een chaotisch weekend gaat Altman nu aan de slag bij Microsoft. Maar hoe gaat OpenAI verder?  ( 11 min )

Het kabinetsplan om de huurprijzen in de vrije sector te beperken, kent grote risico's. Volgens de Raad van State, een belangrijk adviesorgaan, kan het plan tot minder huurhuizen leiden.  ( 10 min )

De maximaal toegestane rente op een lening gaat in januari omhoog naar 15 procent. Dit betekent dat het duurder kan worden om geld te lenen voor nieuwe spullen.  ( 8 min )

Sam Altman, die vrijdag werd ontslagen als directeur bij OpenAI, heeft alweer een nieuwe baan. Hij gaat aan de slag bij Microsoft en krijgt daar de leiding over een team dat zich bezighoudt met kunstmatige intelligentie.  ( 9 min )

De euro is gestegen naar het hoogste niveau sinds eind augustus. De Europese munt leeft vooral op doordat de Amerikaanse dollar in waarde daalt. Beleggers vrezen dat de rente in de VS omlaaggaat, wat de Amerikaanse munt minder aantrekkelijk maakt.  ( 8 min )

De rechtbank Den Haag buigt zich vandaag over de vraag of de coronasteun eerlijk is verdeeld over werknemers in loondienst en zzp'ers. De Werkvereniging vindt van niet en heeft daarom de Staat gedagvaard.  ( 9 min )

Sam Altman, die vrijdag werd ontslagen als directeur bij OpenAI, heeft alweer een nieuwe baan. Hij gaat aan de slag bij Microsoft en krijgt daar de leiding over een team dat zich bezighoudt met kunstmatige intelligentie.  ( 8 min )

Eneco heeft plannen om een groenewaterstoffabriek van zo'n twintig voetbalvelden groot te bouwen in het havengebied van Rotterdam. De nieuwe fabriek, waarvoor Eneco samenwerkt met het Japanse moederbedrijf Mitsubishi, moet groene waterstof gaan leveren aan industriële klanten.  ( 9 min )

De lonen zijn in oktober harder gestegen dan in de maanden ervoor, ziet werkgeversvereniging AWVN. Toch zijn die cijfers een stuk minder representatief. In de herfstmaand zijn slechts veertien nieuwe cao's afgesloten.  ( 9 min )

Ruud Sondag, de interim-topman van Schiphol, is bang dat de luchthaven uiteindelijk nog verder moet krimpen nu het eerdere krimpplan is opgeschort. Hij vreest nu voor juridisch getouwtrek en de gevolgen daarvan.  ( 9 min )

Ruud Sondag, de interim-baas van Schiphol, is bang dat de uiteindelijke krimp van de luchthaven nog groter zal worden nu het eerdere plan tot inkrimpen is opgeschort. Dat komt volgens hem onder meer door juridisch getouwtrek.  ( 9 min )

PENN Entertainment received a ratings upgrade and higher price target from Bank of America on the popularity of its new ESPN Bet app.  ( 1 min )

Amazon launched an artificial intelligence training program to help workers develop key skills as companies grapple with an AI talent shortage.  ( 1 min )

Toyota's U.S. financing arm was fined $60 million by regulators who said the lender illegally kept consumers from canceling loan bundles that raised the cost of their monthly payments.  ( 1 min )

One of Spain's largest labor unions has called on 20,000 delivery and warehouse workers to participate in a "symbolic" strike on one of the biggest retail days of the fourth quarter.  ( 1 min )

It’s a big shakeup for General Motors’ self-driving taxi unit, Cruise. Co-founder and CEO Kyle Vogt announced he was stepping down over the weekend  ( 1 min )

Bristol-Myers Squibb and 2seventy bio shares dropped after the FDA said it would not make a decision on expanded use of the companies' cancer drug next month.  ( 1 min )

About half of the bank’s assets in the closely watched auction fall into the rent-regulated category.  ( 27 min )

After being fired on Friday, investors raced to reinstate him—but first the new role and members of the board that fired him need to be sorted out.  ( 34 min )

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(Reuters) -Ousted OpenAI CEO Sam Altman and former President Greg Brockman joined executives at the company's San Francisco headquarters on Sunday after interim CEO Mira Murati told staff she invited Altman, The Information reported on Sunday. Altman is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence (AI) venture, Reuters reported on Sunday. The board of the company on Friday fired Altman, who to many was the human face of generative AI, sending shock waves across the tech industry.  ( 33 min )

(Bloomberg) -- The Treasury market’s nascent rally is facing its next big test: a bond auction that will help gauge whether investors are confident 2023’s selloff is over once and for all.Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionAltman Sought Billions For AI Chip Venture Before OpenAI OusterHackers Are Exploiting a Flaw in Citrix So  ( 35 min )

Agilent, Analog Devices, HP, and others will also report quarterly results. Investors will also see Fed minutes from early November, as well as data on real estate, durable goods, and manufacturing.  ( 26 min )

The knife was wielded in true Silicon Valley fashion: over video call.  ( 38 min )

(Bloomberg) -- In the weeks leading up to his shocking ouster from OpenAI, Sam Altman was actively working to raise billions from some of the world’s largest investors for a new chip venture, according to people familiar with the matter. Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionBill Ackman Defends Elon Musk After Backlash Over Antis  ( 36 min )

Results from the stock market's 2023 darling could drive the direction of the market in the week ahead.  ( 37 min )

(Bloomberg) -- Since OpenAI fired its co-founder and Chief Executive Officer Sam Altman on Friday, a host of players across the tech industry have come onto the scene.Most Read from BloombergOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterSpaceX Starship Explodes Though Craft Reached New MilestonesOpenAI Negotiations to Reinstate Altman Snag Over Board RoleSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionFrom c  ( 36 min )

Probate is a legal process that verifies the validity of a deceased person’s will. This includes addressing debts and distributing remaining assets. If you die without a will or a living trust, probate can substantially influence the transfer of your assets. Here's what you need to know to avoid the probate process. If you want […] The post How to Avoid Probate on Your Bank Accounts appeared first on SmartReads by SmartAsset.  ( 34 min )

Berkshire Hathaway’s latest 13F filing is a "cautious" signal for retail investors.  ( 35 min )

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Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.  ( 36 min )

My wife and I are both 65 years old. She will retire this year and I'll work until I'm 67. We'll get about $42,000 in Social Security and have about $1 million in savings. Can we live on $90,000 per … Continue reading → The post Ask an Advisor: We're 65, Have $1 Million Saved and $42K in Social Security Benefits. Can We Live on $90K Per Year? appeared first on SmartAsset Blog.  ( 34 min )

I'm 73 and my 401(k) hasn't been doing well for the last few years. Would it be a good idea for me to withdraw my money from my 401(k) and pay the tax that I will have to pay eventually anyway, and then invest the rest of my money in CDs? -Archie Your desire for […] The post Ask an Advisor: I'm 73 and My 401(k) ‘Hasn't Been Doing Well.’ Should I Withdraw My Money and Invest in CDs? appeared first on SmartReads by SmartAsset.  ( 36 min )

I've been debating whether to pay off my mortgage. I've refinanced at 2.375% and can get a certificate of deposit (CD) for a year at 4%. I was adding to my mortgage payment by about $1,000 a month to pay … Continue reading → The post Ask an Advisor: Should I Pay off My Mortgage or Invest in CDs? I Refinanced My Mortgage at 2.375%, But I Can Get a CD at 4%. Plus, I Want to Retire in 7 Years. appeared first on SmartAsset Blog.  ( 36 min )

Retiring at 40 with $2 million is an ambitious goal, but that doesn't mean it's impossible. While you'll need a decent salary or other sources of income or wealth, saving $2 million is not out of reach. If you plan … Continue reading → The post How to Retire at 40 With $2 million appeared first on SmartAsset Blog.  ( 36 min )

The surprise disclosure of a confidential number negotiated between Google and Apple reverberated across Wall Street and Silicon Valley.  ( 37 min )

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The company doesn't have a seat on the board. What it does have is arguably more powerful.  ( 39 min )

Employer-sponsored health insurance is still a costly privilege in the US, according to new data.  ( 35 min )

Glencore has set in motion a plan to quit coal, leaving it to focus on green metals.  ( 28 min )

Strong car sales contrast with broader weakness in exports as the world economy slows.  ( 28 min )

Bank stocks are on pace for their best month in nearly three years. Analysts caution that a lot of uncertainty still lies ahead for the battered industry.  ( 37 min )

(Bloomberg) -- African governments are scrambling for dollars, and that’s creating a new dividing line for investors.Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesOpenAI Board Urged by Microsoft, Investors to Restore AltmanSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionBill Ackman Defends Elon Musk After Backlash Over AntisemitismBacklash Spreads Over Musk’s Endorsement of Antisemitic PostAmid a deepening shortage of hard currency on the cont  ( 37 min )

(Bloomberg) -- The powerful rally in small-cap stocks looks like yet another false start rather than a lasting recovery. Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesOpenAI Board Urged by Microsoft, Investors to Restore AltmanSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionBill Ackman Defends Elon Musk After Backlash Over AntisemitismBacklash Spreads Over Musk’s Endorsement of Antisemitic PostThe Russell 2000 Index — the world’s most closely  ( 36 min )

The Federal Reserve seems to be done with its aggressive interest rate hikes, economists say. That could turbocharge stocks and your 401(k).  ( 35 min )

Savvy investors know that some valuable stock sectors just don’t get the attention they deserve, and finding those underappreciated sectors is a vital skill for successful investing. Big Tech, for example, may have a reputation for taking up all the oxygen in the room, but it’s hardly the only game in town. Agribusiness is one of the underappreciated sectors. The companies that work the land, produce the fertilizers, and deliver the farm equipment that support the world’s food supply bring with  ( 37 min )

(Bloomberg) -- The S&P 500’s 9.6% rally in three weeks is looking increasingly unsustainable to some market watchers.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before OpenAI OusterSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionConcerns about the gauge include the fact  ( 35 min )

Explore the investment options available to and restrictions on account holders who choose a self-directed IRA as their retirement account.  ( 22 min )

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For many buyers, it's all about lower mortgage rates.  ( 24 min )

(Bloomberg) -- A rally in the ruble that’s propelling it toward the strongest since July is the latest piece of Russia’s economic jigsaw to fall into place before a widely expected tilt by Vladimir Putin at another presidential term in March elections.Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionOpenAI Board Pressed by Microsoft, Investors to Restore AltmanBacklash Spreads Over Musk’s Endorsemen  ( 36 min )

Many view Warren Buffett as one of the greatest stock pickers of all time, if not the greatest, so you might be surprised to learn that he owns two ETFs in his Berkshire Hathaway (NYSE:BRK.B) portfolio. Not only that, but the only two ETFs that he owns are broad market ETFs — the Vanguard S&P 500 ETF (NYSEARCA:VOO) and the SPDR S&P 500 ETF Trust (NYSEARCA:SPY). I’m bullish on these ETFs based on their fantastic long-term track records and their low fees. Plus, if they are worthy of a spot in Buf  ( 37 min )

Rival Luckin now leads Starbucks in the world’s second-most-populous nation.  ( 24 min )

There are a few advantages, along with some significant drawbacks, to using assets targeted for your retirement to pay off your mortgage balance.  ( 27 min )

The CEO of Cruise, General Motors' robot taxi unit, on Saturday apologized for the company's situation following an accident that led to the pause of its self-driving vehicle operations. In an email to staff seen by Reuters, Cruise CEO Kyle Vogt said the firm will make a new tender offer to allow employees to sell shares, just two days after cancelling its earlier offer.  ( 32 min )

Investors pile in, but some say it is too soon to declare victory.  ( 29 min )

Seventeen states and the District of Columbia have estate or inheritance taxes or both. The rules can change from year to year.  ( 23 min )

The Logistics Managers’ Index has done a great job of explaining freight market capacity shifts over the past several years. The last few months are painting a picture of a market that is racing toward a correction. The post LMI showing transportation market flip is coming appeared first on FreightWaves.  ( 35 min )

(Bloomberg) -- OpenAI stunned employees, investors and much of Silicon Valley on Friday by ousting Chief Executive Officer Sam Altman, who more than any other figure had emerged as the face of artificial intelligence following the viral success of his company’s chatbot, ChatGPT. Almost instantly, the world’s best-known AI startup, which has been in talks to sell employee shares to investors at an $86 billion valuation, was thrown into disarray. Several people, including OpenAI President Greg Bro  ( 36 min )

On Friday, the board of OpenAI, the AI startup behind ChatGPT and other viral AI-powered hits, did something unexpected but seemingly well within its right: removed the company's CEO, Sam Altman. On Saturday evening, just over 24 hours after the OpenAI board unceremoniously announced that Altman would be replaced by Mira Murati, OpenAI's CTO, on a temporary basis, multiple publications published reports suggesting that the OpenAI board was in talks to have Altman return at the helm. Satya Nadella, the CEO of Microsoft, a major OpenAI partner, was reportedly "furious" to learn of Altman's departure "minutes" after it happened, and has been in touch with Altman -- and pledged to support him -- as OpenAI backers recruit Microsoft's aid in exerting pressure on the board to reverse course.  ( 34 min )

OpenAI’s investors are making efforts to bring back Sam Altman, the chief executive who was ousted Friday, said people familiar with the matter.  ( 31 min )

A catch-up contribution is a type of retirement contribution that allows those 50 or older to make additional contributions to their 401(k) and IRAs.  ( 23 min )

A year-end bonus or an unexpected inheritance can often result in a big tax bill. Here are some strategies to reduce the impact.  ( 27 min )

Discover how contributing to a 401(k) plan can reduce your AGI or MAGI. Also, learn how this differs from contributing to a traditional IRA.  ( 22 min )

Taxes are difficult to avoid but there are many strategies you can use to help ward them off so you can legally keep the most of your hard-earned income.  ( 28 min )

Find out whether you can take a tax deduction on the contributions you make.  ( 25 min )

If you are self-employed, you may be able to set up a tax-advantaged solo 401(k) retirement savings plan. Find out what the benefits are of this type of self-employed 401k.  ( 30 min )

Understand the difference between a qualified and non-qualified deferred compensation plan and what the benefits are of having one or both.  ( 28 min )

Understand the different types of qualified retirement plans and what they mean in terms of employee and employer contributions and payment distribution.  ( 24 min )

Learn about the various interest-bearing securities you can use to add stable, recurring income to your employer-sponsored 401(k) account.  ( 21 min )

Find out if it’s too late to contribute to a Roth IRA after you’ve already filed your income tax return.  ( 26 min )

Explore the investment options available to and restrictions on account holders who choose a self-directed IRA as their retirement account.  ( 22 min )

There are a few advantages, along with some significant drawbacks, to using assets targeted for your retirement to pay off your mortgage balance.  ( 27 min )

De Nederlandse industrie ziet de grootste daling van inkomsten sinds 2020 in het derde kwartaal van dit jaar. Vooral bij chemiebedrijven en raffinaderijen slinkt de omzet hard, blijkt uit cijfers van statistiekbureau CBS.  ( 9 min )

Ruud Sondag, de interim-baas van Schiphol, is bang dat de uiteindelijke krimp van de luchthaven nog groter zal worden nu het eerdere plan tot inkrimpen is opgeschort. Dat komt volgens hem onder meer door juridisch getouwtrek.  ( 9 min )

Oud-topman van VDL Wim van der Leegte is in de nacht van zaterdag op zondag op 76-jarige leeftijd overleden. Dat meldt zijn familie in een verklaring.  ( 10 min )

Online stemhulpen op basis van kunstmatige intelligentie schieten als paddenstoelen uit de grond. Met de ene kun je chatten over partijprogramma's, bij de andere kun je stellingen voorleggen aan politieke partijen. Alleen zijn ze niet helemaal foutvrij.  ( 11 min )

Oud-topman van VDL Wim van der Leegte is in de nacht van zaterdag op zondag op 76-jarige leeftijd overleden. Dat meldt zijn familie in een verklaring.  ( 8 min )

Investeerders in OpenAI, het moederbedrijf van ChatGPT, oefenen druk uit op het bestuur om de vrijdag ontslagen topman Sam Altman terug te halen. Dat meldden bronnen rond het bedrijf aan persbureau Bloomberg.  ( 9 min )

Socialemediaplatform X spant maandag een rechtszaak aan tegen onderzoeksgroep Media Matters en andere partijen die "een frauduleuze aanval hebben geopend op het bedrijf". Dat meldt eigenaar Elon Musk zaterdag op het platform.  ( 9 min )

Als de hogere zorgpremie je te veel pijn doet, kun je besparen door voor een hoger eigen risico te kiezen. Hiermee valt 15 a 20 euro per maand te besparen. Maar die verhoging is, zoals het woord al zegt, niet zonder risico's.  ( 11 min )

If there’s one area of the market that billionaire Microsoft (NASDAQ:MSFT) founder Bill Gates knows inside and out, it’s the technology sector. So, it caught my eye when Gates added a new tech ETF to the Trust’s portfolio, according to the 13F filings that just came out. According to the filing, the Bill and Melinda Gates Foundation Trust purchased the iShares U.S. Technology ETF (NYSEARCA:IYW) during the third quarter. I’m bullish on IYW based on its compelling track record of long-term perform  ( 37 min )

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An internal memo sent to OpenAI staff and obtained by Axios and The New York Times said Altman's firing had nothing to do with "malfeasance or anything related to our financial, business, safety, or security/privacy practices." It comes as The Information reports Altman has new ventures in the works.  ( 33 min )

Former OpenAI president Greg Brockman is expected to join the effort and the project is still in development, the report added citing a person familiar with the matter. Altman could not be reached for comment and Brockman did not immediately respond to a Reuters' request for comment. Altman and Apple's former design chief Jony Ive have been discussing building a new artificial intelligence (AI) hardware device, the Information reported in September.  ( 33 min )

(Bloomberg) -- The first trade hit the tape at 9:54 a.m. The price: 38 cents on the dollar. These were the bonds of a little-known company called Enviva Inc., a wood-pellet maker in Bethesda, Maryland. Just the night before, on Nov. 8, they had closed at 64 cents. The rout deepened rapidly as the day went on, sending the bonds to as low as 31 cents.Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesSilicon Valley Boardroom Coup Leads to Ouster of an AI ChampionBa  ( 36 min )

OpenAI CEO Sam Altman's firing was over a "breakdown in communication between Sam and the board," and not "malfeasance or anything related to our financial, business, safety, or security/privacy practices," Chief Operating Officer Brad Lightcap wrote in an internal company memo Saturday morning, viewed by Reuters. The board of OpenAI, the company behind hit product ChatGPT, on Friday pushed out its high-profile CEO Altman, sending shock waves across the tech industry. The company appointed former chief technology officer Mira Murati as interim CEO.  ( 33 min )

A planned sale of OpenAI employee shares that would value the startup at about $86 billion on paper hangs in the balance after the sudden firing of CEO Sam Altman and a slew of top executive departures, the Information reported on Saturday. The tender offer, which Thrive Capital is leading, has not yet closed but has been in its final stages and was expected to be completed as soon as next month, the report added, citing a person familiar with the matter.  ( 32 min )

A recent lawsuit verdict and pending cases could dismantle the traditional commission practice of sellers paying their own real estate agent and the buyer's.  ( 38 min )

(Bloomberg) -- Hedge fund manager Bill Ackman defended Elon Musk after major advertisers pulled ads from social media site X over antisemitic commentary. Most Read from BloombergSpaceX Starship Explodes Though Craft Reached New MilestonesBacklash Spreads Over Musk’s Endorsement of Antisemitic PostAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationOpenAI Ousts Altman as CEO; Board Says It Lost Confidence in HimSilicon Valley Boardroom Coup Leads to Ouster of an AI Champ  ( 33 min )

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Individual retirement accounts (IRAs) are one of the most popular ways to save for retirement. Traditional IRAs provide tax deductions on your contributions, effectively reducing your current taxable income. In contrast, Roth IRAs are funded with after-tax dollars, allowing for tax-free withdrawals during retirement. The Internal Revenue Service (IRS) permits you to contribute to both […] The post Can You Contribute to Both a Traditional and Roth IRA? appeared first on SmartReads by SmartAsset.  ( 36 min )

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The move follows other major advertisers that have stepped back from the platform after Elon Musk posted that an antisemitic social-media post was ‘the actual truth.’  ( 29 min )

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Microsoft is standing by the OpenAI and its new head executive Mira Murati after the abrupt termination of co-founder and former CEO Sam Altman.  ( 34 min )

Acquiring $1 million in a lump sum is no simple matter and figuring out the amount of taxes due on it is also complicated. The answer depends on several factors, including the source of the money, where you live and whether Social Security and other FICA taxes apply. Individual circumstances make all the difference. In […] The post How Much Are Taxes on $1 Million? appeared first on SmartReads by SmartAsset.  ( 36 min )

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The Retirement Risk Zone is the period of time that can last from five to 10 years before and after you retire. This timeframe can have a significant impact on your retirement savings. And experts say that you should pay careful attention to your retirement savings decisions when you reach this zone. Here’s what you […] The post Retirement Risk Zone: What It Is and How to Navigate appeared first on SmartReads by SmartAsset.  ( 35 min )

Jim Chanos, one of Wall Street’s best-known bears, is shutting his hedge funds after nearly four decades, The Wall Street Journal reported Friday.  ( 22 min )

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As you approach retirement, your net worth is a key indicator of your financial preparedness. Net worth is a fundamental financial metric in retirement planning because it shows how much wealth you have accumulated and can use to support yourself after you stop working. The net worth varies according to a number of factors, including […] The post What Should Your Net Worth Be at Retirement? appeared first on SmartReads by SmartAsset.  ( 36 min )

The music mogul’s former partner accused him of mental and physical abuse, which he denied.  ( 27 min )

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Money passed down to the next generation comes with feelings of gratefulness, loss and responsibility. In addition, receiving an inheritance worth hundreds of thousands of dollars can be jarring. It offers an extraordinary opportunity to secure your financial future, but doing so requires knowledge and discipline. From assessing your current financial standing to deploying savvy […] The post How to Build Wealth With an Inheritance appeared first on SmartReads by SmartAsset.  ( 37 min )

A U.S. judge dismissed an antitrust lawsuit accusing Elon Musk's electric car company Tesla of forcing customers to pay high prices and suffer long waits for repairs by monopolizing the markets for vehicle maintenance and replacement parts. In a Friday night decision, U.S. District Judge Trina Thompson in San Francisco said customers in the proposed class action failed to show either that the alleged problems were "not generally known" when they bought their vehicles, or that they could not predict the costs to keep their vehicles running. She also said customers could not prove that Tesla coerced them into using its services and parts simply because they had bought their vehicles in the first place.  ( 34 min )

According to a Morningstar Inc. recommendation released this week, a new retiree can safely withdraw 4% of retirement savings annually over the next three decades without emptying the till.  ( 38 min )

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Only 8% of investors with $1 million consider themselves wealthy.  ( 35 min )

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Companies often need to show progress to get government cash but struggle without it.  ( 29 min )

Fed fficials cautioned there could be further tightening if the economic data merits it.  ( 27 min )

Asset managers are giving 401(k) plan participants the option to annuitize assets to provide regular income.  ( 28 min )

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(Bloomberg) -- OpenAI’s firing of Sam Altman followed wide-ranging disagreements between the chief executive officer and his board — in particular Ilya Sutskever, an OpenAI co-founder and the company’s chief scientist — according to a person familiar with the matter. Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationBacklash Spreads Over Musk’s Endorsement of Antisemitic PostOpenAI Ousts Altman as CEO; Board Says It Lost Confidence in HimHamas  ( 36 min )